Hedge Funds Are Buying Vince Holding Corp (VNCE)

As industrywide interest jumped, specific money managers were leading the bulls’ herd. Armistice Capital assembled the biggest position in Vince Holding Corp (NYSE:VNCE). Adage Capital Management also initiated its position during the quarter. The other funds with brand new VNCE positions are Michael R. Weisberg’s Crestwood Capital Management, Cliff Asness’ AQR Capital Management, and Adam Wright and Gary Kohler’s Blue Clay Capital.

Let’s now review hedge fund activity in other stocks similar to Vince Holding Corp (NYSE:VNCE). These stocks are Liberator Medical Holdings Inc (NYSEMKT:LBMH), Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR), Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE), and Northwest Pipe Company (NASDAQ:NWPX). This group of stocks’ market values resemble VNCE’s market value.

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 $21 million. That figure was $19 million in VNCE’s case. Northwest Pipe Company (NASDAQ:NWPX) is the most popular stock in this table, while Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Vince Holding Corp (NYSE:VNCE) 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.