Gladstone Investment Corporation (GAIN): Hedge Funds Are Snapping Up

As industrywide interest jumped, specific money managers were breaking ground themselves. Harvest Capital Strategies, managed by Joseph A. Jolson, assembled the biggest position in Gladstone Investment Corporation (NASDAQ:GAIN). Harvest Capital Strategies had $0.3 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also made an $0 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks similar to Gladstone Investment Corporation (NASDAQ:GAIN). We will take a look at Second Sight Medical Products Inc (NASDAQ:EYES), SeaChange International (NASDAQ:SEAC), FreightCar America, Inc. (NASDAQ:RAIL), and Avalanche Biotechnologies Inc (NASDAQ:AAVL). This group of stocks’ market caps are closest to GAIN’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $30 million. That figure was just $3 million in GAIN’s case. Avalanche Biotechnologies Inc (NASDAQ:AAVL) is the most popular stock in this table. On the other hand Second Sight Medical Products Inc (NASDAQ:EYES) is the least popular one with only 4 bullish hedge fund positions. Gladstone Investment Corporation (NASDAQ:GAIN) 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 AAVL might be a better candidate to consider a long position.