How Terrapin 3 Acquisition Corp (TRTL) Stacks Up Against Its Peers

Now that we’ve mentioned the most bullish investors, let’s also take a look at a fund that dropped its entire stakes in the stock during the third quarter. Sander Gerber’s Hudson Bay Capital Management dropped the biggest position of all the hedgies followed by Insider Monkey, worth about $14.9 million in stock.

Let’s now review hedge fund activity in other stocks similar to Terrapin 3 Acquisition Corp (NASDAQ:TRTL). We will take a look at Harmony Merger Corp (NASDAQ:HRMN), Stage Stores Inc (NYSE:SSI), Salem Communications Corp (NASDAQ:SALM), and Silvercrest Asset Management Group Inc (NASDAQ:SAMG). This group of stocks’ market valuations are closest to TRTL’s market valuation.

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 $13 million. That figure was $41 million in TRTL’s case. Harmony Merger Corp (NASDAQ:HRMN) is the most popular stock in this table. On the other hand Silvercrest Asset Management Group Inc (NASDAQ:SAMG) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Terrapin 3 Acquisition Corp (NASDAQ:TRTL) 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.

Disclosure: None