Here is What Hedge Funds Think About Marin Software Inc (MRIN)

With a general bullishness amongst the heavyweights, key money managers have jumped into Marin Software Inc (NYSE:MRIN) headfirst. Raging Capital Management, managed by William C. Martin, created the biggest position in Marin Software Inc (NYSE:MRIN). Raging Capital Management had $3.3 million invested in the company at the end of the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Marin Software Inc (NYSE:MRIN) but similarly valued. We will take a look at Morgans Hotel Group Co. (NASDAQ:MHGC), Roundy’s Inc (NYSE:RNDY), Cherry Hill Mortgage Investment Corp (NYSE:CHMI), and Envivio Inc (NASDAQ:ENVI). This group of stocks’ market caps are closest to MRIN’s market cap.

As you can see these stocks had an average of 9.25 hedge funds with bullish positions and the average amount invested in these stocks was $17 million. That figure was $9 million in MRIN’s case. Morgans Hotel Group Co. (NASDAQ:MHGC) is the most popular stock in this table. On the other hand Roundy’s Inc (NYSE:RNDY) is the least popular one with only 6 bullish hedge fund positions. Marin Software Inc (NYSE:MRIN) 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 MHGC might be a better candidate to consider a long position.