Hedge Funds Are Betting On General Employment Enterprises, Inc. (JOB)

With a general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. Hedge funds and institutional investors initiating new positions in General Employment Enterprises, Inc. (NYSEMKT:JOB) include Coe Capital Management, Royce & Associates, and Skylands Capital.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as General Employment Enterprises, Inc. (NYSEMKT:JOB) but similarly valued. We will take a look at Roka Bioscience Inc (NASDAQ:ROKA), CASI Pharmaceuticals Inc (NASDAQ:CASI), Arc Group WorldWide Inc (NASDAQ:ARCW), and CAS Medical Systems Inc (NASDAQ:CASM). All of these stocks’ market caps match General Employment Enterprises, Inc. (NYSEMKT:JOB)’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 $6 million. That figure was $1 million in General Employment Enterprises, Inc. (NYSEMKT:JOB)’s case. Roka Bioscience Inc (NASDAQ:ROKA) is the most popular stock in this table. On the other hand, CASI Pharmaceuticals Inc (NASDAQ:CASI) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks, General Employment Enterprises, Inc. (NYSEMKT:JOB) is even less popular than CASI Pharmaceuticals Inc (NASDAQ:CASI). 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.