Do Hedge Funds Love Collectors Universe, Inc. (CLCT)?

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As one would reasonably expect, key hedge funds were breaking ground themselves. Algert Coldiron Investors established the most outsized position in Collectors Universe, Inc. (NASDAQ:CLCT), as it had $0.9 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Collectors Universe, Inc. (NASDAQ:CLCT) but similarly valued. We will take a look at Dixie Group Inc (NASDAQ:DXYN), Unilife Corp (NASDAQ:UNIS), Accuride Corporation (NYSE:ACW), and Lantheus Holdings Inc (NASDAQ:LNTH). This group of stocks’ market valuations resemble CLCT’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DXYN 5 16911 -1
UNIS 4 3188 -4
ACW 13 30594 -1
LNTH 4 11135 -1

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $15 million. That figure was $15 million in CLCT’s case. Accuride Corporation (NYSE:ACW) is the most popular stock in this table. On the other hand Unilife Corp (NASDAQ:UNIS) is the least popular one with only 4 bullish hedge fund positions. Collectors Universe, Inc. (NASDAQ:CLCT) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ACW might be a better candidate to consider a long position.

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