How Black Diamond Inc (BDE) Stacks Up Against Its Peers?

Judging by the fact that Black Diamond Inc (NASDAQ:BDE) has encountered bearish sentiment from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of money managers who were dropping their positions entirely in the third quarter. At the top of the heap, Benjamin A. Smith’s Laurion Capital Management got rid of the biggest stake of all the investors studied by Insider Monkey, comprising close to $0.3 million in stock, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners was right behind this move, as the fund dumped about $0.1 million worth of shares.

Let’s check out hedge fund activity in other stocks similar to Black Diamond Inc (NASDAQ:BDE). We will take a look at Proteon Therapeutics Inc (NASDAQ:PRTO), Republic First Bancorp, Inc. (NASDAQ:FRBK), Dynamic Materials Corporation (NASDAQ:BOOM), and NCI Inc (NASDAQ:NCIT). This group of stocks’ market caps are closest to BDE’s market cap.

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $18 million. That figure was $17 million in BDE’s case. Dynamic Materials Corporation (NASDAQ:BOOM) is the most popular stock in this table. On the other hand NCI Inc (NASDAQ:NCIT) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Black Diamond Inc (NASDAQ:BDE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.