Here’s What Smart Money Thinks about Southwest Bancorp, Inc. (OKSB)

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As industrywide interest jumped, some big names were breaking ground themselves. Millennium Management, one of the 10 largest hedge funds in the world, initiated the most valuable position in Southwest Bancorp, Inc. (NASDAQ:OKSB). Millennium Management had $0.6 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Southwest Bancorp, Inc. (NASDAQ:OKSB) but similarly valued. We will take a look at Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT), Pier 1 Imports, Inc. (NYSE:PIR), Computer Programs & Systems, Inc. (NASDAQ:CPSI), and Heritage Commerce Corp. (NASDAQ:HTBK). This group of stocks’ market caps resemble OKSB’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PFLT 6 10058 1
PIR 18 77201 -4
CPSI 7 36718 -6
HTBK 7 11636 -1

As you can see these stocks had an average of 10 funds with bullish positions and the average amount invested in these stocks was $34 million. That figure was $23 million in OKSB’s case. Pier 1 Imports, Inc. (NYSE:PIR) is the most popular stock in this table. On the other hand Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) is the least popular one with only six funds holding long positions. Southwest Bancorp, Inc. (NASDAQ:OKSB) 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 PIR might be a better candidate to consider taking a long position in.

Disclosure: none

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