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How IMPAC Mortgage Holdings, Inc (IMH) Stacks Up Against Its Peers

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IMPAC Mortgage Holdings, Inc (NYSE:IMH) has seen an increase in support from the world’s most successful money managers in recent months. There were just 2 hedge funds in our database with IMH holdings at the end of the second quarter, which rose to 9 by the end of the third quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Build-A-Bear Workshop, Inc (NYSE:BBW), Credit Suisse AM Inc Fund Inc. (NYSEMKT:CIK), and Everi Holdings Inc (NYSE:EVRI) to gather more data points.

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Hedge fund activity in IMPAC Mortgage Holdings, Inc (NYSE:IMH)

At the end of the third quarter, a total of 9 of the hedge funds tracked by Insider Monkey were long this stock, a greater than 200% increase from one quarter earlier, as smart money suddenly takes a much keener interest in the stock. With hedgies’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were increasing their holdings significantly (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Emanuel J. Friedman of EJF Capital holds the largest position in IMPAC Mortgage Holdings, Inc (NYSE:IMH). EJF Capital has a $2 million position in the stock. On EJF Capital’s heels is Alec Litowitz and Ross Laser of Magnetar Capital, with a $0.9 million position. Some other professional money managers that are bullish include Brian Taylor’s Pine River Capital Management, Renaissance Technologies, one of the largest hedge funds in the world, and Joe DiMenna’s ZWEIG DIMENNA PARTNERS. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds, which is based on the performance of their 13F long positions in non-micro-cap stocks.

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