Here is What Hedge Funds Think About Gastar Exploration Limited (USA) (GST)

Seeing as Gastar Exploration Limited (USA) (NYSEMKT:GST) has witnessed falling interest from hedge fund managers, logic holds that there exists a select few fund managers that slashed their entire stakes heading into Q4. It’s worth mentioning that Michael Reeber’s Andalusian Capital Partners dropped the biggest position of the “upper crust” of funds followed by Insider Monkey, totaling close to $2.3 million in stock, and Marc Lehmann’s Riverloft Capital Management was right behind this move, as the fund said goodbye to about $0.2 million worth of shares. These transactions are interesting, as aggregate hedge fund interest dropped by 3 funds heading into Q4.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Gastar Exploration Limited (USA) (NYSEMKT:GST) but similarly valued. We will take a look at GSI Technology, Inc. (NASDAQ:GSIT), Symmetry Surgical Inc (NASDAQ:SSRG), and Aurinia Pharmaceuticals Inc (NASDAQ:AUPH). All of these stocks’ market caps are similar to Gastar Exploration Limited (USA) (NYSEMKT:GST)’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 $7 million. That figure was $3 million in Gastar Exploration Limited (USA) (NYSEMKT:GST)’s case. Symmetry Surgical Inc (NASDAQ:SSRG) is the most popular stock in this table. On the other hand, Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) is the least popular one with only 4 bullish hedge fund positions. Gastar Exploration Limited (USA) (NYSEMKT:GST) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Symmetry Surgical Inc (NASDAQ:SSRG) might be a better candidate to consider a long position.