Is Baldwin & Lyons Inc (BWINB) a Good Stock to Buy?

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Consequently, key money managers were breaking ground themselves. Cove Street Capital, led by Jeffrey Bronchick, established the largest position in Baldwin & Lyons Inc (NASDAQ:BWINB). Cove Street Capital had $15.7 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks similar to Baldwin & Lyons Inc (NASDAQ:BWINB). These stocks are CECO Environmental Corp. (NASDAQ:CECE), Sonus Networks, Inc. (NASDAQ:SONS), Exactech, Inc. (NASDAQ:EXAC), and IES Holdings Inc (NASDAQ:IESC). All of these stocks’ market caps are similar to BWINB’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CECE 18 49106 6
SONS 15 36973 3
EXAC 11 35838 1
IESC 6 269129 1

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $98 million. That figure was $62 million in BWINB’s case. CECO Environmental Corp. (NASDAQ:CECE) is the most popular stock in this table. On the other hand IES Holdings Inc (NASDAQ:IESC) is the least popular one with only 6 bullish hedge fund positions. Baldwin & Lyons Inc (NASDAQ:BWINB) 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 CECE might be a better candidate to consider taking a long position in.

Disclosure: None


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