Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think of Bovie Medical Corporation (BVX)

Page 1 of 2

It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. The Standard and Poor’s 500 Index returned 5.2% over the 12-month period ending October 30, while more than 51% of the constituents of the index underperformed the benchmark. Hence, a random stock picking process will most likely lead to disappointment. At the same time, the 30 most favored S&P 500 stocks by the hedge funds monitored by Insider Monkey (as of September 2014) generated a return of 9.5% over the same time span, with 63% of these stocks outperforming the benchmark. Of course, hedge funds do make wrong bets on some occasions and these get disproportionately publicized on financial media, but piggybacking their moves can beat the broader market on average. That’s why we are going to go over recent hedge fund activity in Bovie Medical Corporation (NYSEMKT:BVX).

Hedge fund interest in Bovie Medical Corporation (NYSEMKT:BVX) shares was flat at the end of last quarter. This is usually a negative indicator. At the end of this article we will also compare BVX to other stocks including A M Castle and Co (NYSE:CAS), BIOLASE Inc (NASDAQ:BIOL), and FX Energy, Inc. (NASDAQ:FXEN) to get a better sense of its popularity.

Follow Bovie Medical Corp (NYSEMKT:BVX)
Trade (NYSEMKT:BVX) Now!

With all of this in mind, we’re going to take a glance at the recent action regarding Bovie Medical Corporation (NYSEMKT:BVX).

How have hedgies been trading Bovie Medical Corporation (NYSEMKT:BVX)?

At Q3’s end, a total of 6 of the hedge funds tracked by Insider Monkey were long this stock, a change of 0% from one quarter earlier. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Jeffrey Jay and David Kroin’s Great Point Partners has the biggest position in Bovie Medical Corporation (NYSEMKT:BVX), worth close to $5.2 million, accounting for 2.1% of its total 13F portfolio. Coming in second is Kevin Kotler of Broadfin Capital, with a $1.8 million position; 0.1% of its 13F portfolio is allocated to the stock. Some other members of the smart money with similar optimism comprise James E. Flynn’s Deerfield Management, Joseph Edelman’s Perceptive Advisors and Israel Englander’s Millennium Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!