Is Assembly Biosciences Inc (ASMB) A Good Stock To Buy According To Hedge Funds?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dumped their positions entirely. Intriguingly, John Fichthorn’s Dialectic Capital Management dumped the biggest position of all the hedgies monitored by Insider Monkey, worth an estimated $0.2 million in stock. Ben Levine, Andrew Manuel and Stefan Renold’s fund, LMR Partners, also cut its stock, about $0.1 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to Assembly Biosciences Inc (NASDAQ:ASMB). These stocks are The McClatchy Company (NYSE:MNI), Bioamber Inc (NYSE:BIOA), CUI Global Inc (NASDAQ:CUI), and Aware, Inc. (NASDAQ:AWRE). All of these stocks’ market caps are similar to ASMB’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 $8 million. That figure was $52 million in ASMB’s case. Bioamber Inc (NYSE:BIOA) is the most popular stock in this table. On the other hand CUI Global Inc (NASDAQ:CUI) is the least popular one with only 1 bullish hedge fund positions. Compared to these stocks Assembly Biosciences Inc (NASDAQ:ASMB) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, the stock was still a “buy” at the end of September.

Disclosure: None