Here is What Hedge Funds Think about Benchmark Electronics, Inc. (BHE)

As industrywide interest jumped, specific money managers were breaking ground themselves. Balyasny Asset Management, led by Dmitry Balyasny, established the biggest position in Benchmark Electronics, Inc. (NYSE:BHE). Balyasny Asset Management had $0.2 million invested in the company at the end of the quarter. Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital also made a $0.2 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks similar to Benchmark Electronics, Inc. (NYSE:BHE). We will take a look at Cato Corp (NYSE:CATO), Universal Electronics Inc (NASDAQ:UEIC), Qualys Inc (NASDAQ:QLYS), and Ameris Bancorp (NASDAQ:ABCB). All of these stocks’ market caps match BHE’s market cap.

As you can see these stocks had an average of 12 funds with bullish positions and the average amount invested in these stocks was $93 million, which is lower than the $157 million figure in BHE’s case. Qualys Inc (NASDAQ:QLYS) is the most popular stock in this table. On the other hand Universal Electronics Inc (NASDAQ:UEIC) is the least popular one with only nine investors having reported long positions. Compared to these stocks Benchmark Electronics, Inc. (NYSE:BHE) 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.