Here is What Hedge Funds Think About The Buckle, Inc. (BKE)

As aggregate interest increased, some big names have jumped into The Buckle, Inc. (NYSE:BKE) headfirst. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, created the most outsized position in The Buckle, Inc. (NYSE:BKE). Arrowstreet Capital had $2.2 million invested in the company at the end of the quarter. Benjamin A. Smith’s Laurion Capital Management also made an $0.3 million investment in the stock during the quarter. The following funds were also among the new BKE investors: David Dreman’s Dreman Value Management and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as The Buckle, Inc. (NYSE:BKE) but similarly valued. These stocks are Grand Canyon Education Inc (NASDAQ:LOPE), Plantronics, Inc. (NYSE:PLT), CACI International Inc (NYSE:CACI), and QTS Realty Trust Inc (NYSE:QTS). This group of stocks’ market valuations match BKE’s market valuation.

As you can see these stocks had an average of 13.75 hedge funds with bullish positions and the average amount invested in these stocks was $94 million. That figure was $258 million in BKE’s case. Grand Canyon Education Inc (NASDAQ:LOPE) is the most popular stock in this table. On the other hand QTS Realty Trust Inc (NYSE:QTS) is the least popular one with only 10 bullish hedge fund positions. The Buckle, Inc. (NYSE:BKE) is not the most popular stock in this group but hedge fund interest is still above average. This is a positive signal that makes BKE worth a closer look.