Do Hedge Funds Love Rocket Fuel Inc (FUEL)?

As industrywide interest jumped, some big names were breaking ground themselves. Highbridge Capital Management established the most valuable position in Rocket Fuel Inc (NASDAQ:FUEL). Highbridge Capital Management had $1.1 million invested in the company at the end of the quarter. Concourse Capital Management also made a $0.4 million investment in the stock during the quarter. The only other fund with a new position in the stock is Chao Ku’s Nine Chapters Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Rocket Fuel Inc (NASDAQ:FUEL) but similarly valued. We will take a look at Heska Corp (NASDAQ:HSKA), Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS), Northrim BanCorp, Inc. (NASDAQ:NRIM), and Denison Mines Corp (USA) (NYSEAMEX:DNN). All of these stocks’ market caps match FUEL’s market cap.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $18 million. That figure was $10 million in FUEL’s case. Heska Corp (NASDAQ:HSKA) is the most popular stock in this table with 9 funds reporting long positions in the company. On the other hand Denison Mines Corp (USA) (NYSEAMEX:DNN) is the least popular one. Compared to these stocks Rocket Fuel Inc (NASDAQ:FUEL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.