Do Hedge Funds Love Sunshine Bancorp Inc (SBCP)?

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Consequently, some big names were leading the bulls’ herd. Elizabeth Park Capital Management established the biggest position in Sunshine Bancorp Inc (NASDAQ:SBCP). According to its latest 13F filing, the fund had $1.1 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Sunshine Bancorp Inc (NASDAQ:SBCP) but similarly valued. We will take a look at Computer Task Group, Inc. (NASDAQ:CTG), Cumulus Media Inc (NASDAQ:CMLS), Universal Stainless & Alloy Products (NASDAQ:USAP), and Life Technologies Corp. (NASDAQ:LIFE). All of these stocks’ market caps match SBCP’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CTG 5 12226 0
CMLS 12 13298 -3
USAP 6 11348 -1
LIFE 6 6408 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 $11 million. That figure was $14 million in SBCP’s case. Cumulus Media Inc (NASDAQ:CMLS) is the most popular stock in this table. On the other hand Computer Task Group, Inc. (NASDAQ:CTG) is the least popular one with only 5 bullish hedge fund positions. Sunshine Bancorp Inc (NASDAQ:SBCP) 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 CMLS might be a better candidate to consider taking a long position in.

Disclosure: none.

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