How Almost Family Inc (AFAM) Stacks Up Against Similarly Valued Stocks

As one would reasonably expect, key money managers were breaking ground themselves. Citadel Investment Group, led by Ken Griffin, created the largest position in Almost Family Inc (NASDAQ:AFAM). Citadel Investment Group had $0.3 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also initiated a $0.2 million position during the quarter. The only other fund with a new position in the stock is Matthew Tewksbury’s Stevens Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Almost Family Inc (NASDAQ:AFAM) but similarly valued. We will take a look at Dorchester Minerals LP (NASDAQ:DMLP), Lindblad Expeditions Holdings Inc (NASDAQ:LIND), American Vanguard Corp. (NYSE:AVD), and Matrix Service Co (NASDAQ:MTRX). This group of stocks’ market valuations are closest to AFAM’s market valuation.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $37 million. That figure was $43 million in AFAM’s case. Matrix Service Co (NASDAQ:MTRX) is the most popular stock in this table. On the other hand Dorchester Minerals LP (NASDAQ:DMLP) is the least popular one with only 4 bullish hedge fund positions. Almost Family Inc (NASDAQ:AFAM) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MTRX might be a better candidate to consider taking a long position in.