Hedge Funds Are Betting On Cambium Learning Group, Inc. (ABCD)

Consequently, specific money managers have jumped into Cambium Learning Group, Inc. (NASDAQ:ABCD) headfirst. Citadel Investment Group created the biggest position in Cambium Learning Group, Inc. (NASDAQ:ABCD). Citadel Investment Group had $0.1 million invested in the company at the end of the quarter. Millennium Management also initiated a $0.1 million position during the quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Cambium Learning Group, Inc. (NASDAQ:ABCD) but similarly valued. These stocks are West Marine, Inc. (NASDAQ:WMAR), CECO Environmental Corp. (NASDAQ:CECE), LeMaitre Vascular Inc (NASDAQ:LMAT), and Lipocine Inc (NASDAQ:LPCN). All of these stocks’ market caps are closest to ABCD’s market cap.

As you can see these stocks had an average of 10.5 hedge funds with bullish positions and the average amount invested in these stocks was $33 million. That figure was $5 million in ABCD’s case. CECO Environmental Corp. (NASDAQ:CECE) is the most popular stock in this table. On the other hand West Marine, Inc. (NASDAQ:WMAR) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Cambium Learning Group, Inc. (NASDAQ:ABCD) is even less popular than WMAR. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.