Hedge Funds Aren’t Crazy About Hill International Inc (HIL) Anymore

We view hedge fund activity in the Hill International Inc (NYSE:HIL) stock unfavorable, but in this case there was only a single hedge fund selling its entire position: Algert Coldiron Investors. One hedge fund selling its entire position doesn’t always imply a bearish intent. Theoretically a hedge fund may decide to sell a promising position in order to invest the proceeds in a more promising idea. However, we don’t think this is the case in this case because none of the 700+ hedge funds tracked by Insider Monkey identified HIL as a viable investment and initiated a position in the stock.

Let’s now review hedge fund activity in other stocks similar to Hill International Inc (NYSE:HIL). We will take a look at Exa Corp (NASDAQ:EXA), KongZhong Corporation (ADR) (NASDAQ:KZ), Orchid Island Capital Inc (NYSE:ORC), and Immersion Corporation (NASDAQ:IMMR). All of these stocks’ market caps are closest to HIL’s market cap.

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 $35 million. That figure was $30 million in HIL’s case. Immersion Corporation (NASDAQ:IMMR) is the most popular stock in this table. On the other hand KongZhong Corporation (ADR) (NASDAQ:KZ) is the least popular one with only 3 bullish hedge fund positions. Hill International Inc (NYSE:HIL) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard IMMR might be a better candidate to consider taking a long position in.

Disclosure: None