Hedge Funds Aren’t Crazy About Triple-S Management Corp. (GTS) Anymore

Because Triple-S Management Corp. (NYSE:GTS) has experienced declining sentiment from hedge fund managers, we can see that there was a specific group of hedgies that decided to sell off their positions entirely heading into Q4. Interestingly, George Hall’s Clinton Group dropped the largest investment of the “upper crust” of funds watched by Insider Monkey, totaling about $0.4 million in stock. Joshua Packwood and Schuster Tanger’s fund, Radix Partners, also cut its stock, about $0.3 million worth of GTS shares.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Triple-S Management Corp. (NYSE:GTS) but similarly valued. These stocks are Bellicum Pharmaceuticals Inc (NASDAQ:BLCM), Heritage Financial Corporation (NASDAQ:HFWA), Flexion Therapeutics Inc (NASDAQ:FLXN), and Alon USA Partners LP (NYSE:ALDW). This group of stocks’ market caps are closest to GTS’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 $43 million. That figure was $89 million in GTS’s case. Heritage Financial Corporation (NASDAQ:HFWA) is the most popular stock in this table. On the other hand Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) is the least popular one with only 3 bullish hedge fund positions. Triple-S Management Corp. (NYSE:GTS) 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 HFWA might be a better candidate to consider taking a long position in.

Disclosure: None