How ArQule, Inc. (ARQL) Stacks Up Against Its Peers

Now, specific money managers were breaking ground themselves. Citadel Investment Group, led by Ken Griffin, assembled the most outsized position in ArQule, Inc. (NASDAQ:ARQL). Citadel Investment Group had $0 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks similar to ArQule, Inc. (NASDAQ:ARQL). These stocks are Strattec Security Corp. (NASDAQ:STRT), OFS Capital Corp (NASDAQ:OFS), L.B. Foster Company (NASDAQ:FSTR), and The Eastern Company (NASDAQ:EML). All of these stocks’ market caps match ARQL’s market cap.

As you can see these stocks had an average of 5.5 hedge funds with bullish positions and the average amount invested in these stocks was $17 million. That figure was $35 million in ARQL’s case. L.B. Foster Company (NASDAQ:FSTR) is the most popular stock in this table. On the other hand Strattec Security Corp. (NASDAQ:STRT) is the least popular one with only 4 bullish hedge fund positions. ArQule, Inc. (NASDAQ:ARQL) 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 FSTR might be a better candidate to consider taking a long position in.