How Chase Corporation (CCF) Stacks Up Against Its Peers?

As industrywide interest jumped, specific money managers were leading the bulls’ herd. AQR Capital Management, led by Cliff Asness, assembled the largest position in Chase Corporation (NYSEMKT:CCF). AQR Capital Management had $0.5 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also initiated a $0.2 million position during the quarter. The only other fund with a brand new CCF position is Robert B. Gillam’s McKinley Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Chase Corporation (NYSEMKT:CCF) but similarly valued. These stocks are NeoGenomics, Inc. (NASDAQ:NEO), Nantkwest Inc (NASDAQ:NK), AngioDynamics, Inc. (NASDAQ:ANGO), and Cerus Corporation (NASDAQ:CERS). All of these stocks’ market caps match CCF’s market cap.

As you can see these stocks had an average of 12 funds with bullish positions and the average amount invested in these stocks was $78 million. That figure was $51 million in CCF’s case. AngioDynamics, Inc. (NASDAQ:ANGO) is the most popular stock in this table. On the other hand Nantkwest Inc (NASDAQ:NK) is the least popular one with only six bullish hedge fund positions. Chase Corporation (NYSEMKT:CCF) 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 ANGO might be a better candidate to consider taking a long position in.

Disclosure: none