Is Franklin Street Properties Corp. (FSP) A Good Stock To Buy?

Since Franklin Street Properties Corp. (NYSEAMEX:FSP) has faced falling interest from hedge fund managers, we can see that there was a specific group of money managers who sold off their full holdings by the end of the third quarter. Intriguingly, D. E. Shaw’s D E Shaw said goodbye to the largest stake of all the hedgies tracked by Insider Monkey, comprising close to $0.4 million in stock. John Overdeck and David Siegel’s fund, Two Sigma Advisors, also dumped its stock, about $0.1 million worth.

Let’s go over hedge fund activity in other stocks similar to Franklin Street Properties Corp. (NYSEAMEX:FSP). We will take a look at WesBanco, Inc. (NASDAQ:WSBC), Shake Shack Inc (NYSE:SHAK), Stratasys, Ltd. (NASDAQ:SSYS), and Cempra Inc (NASDAQ:CEMP). This group of stocks’ market caps are closest to FSP’s market cap.

As you can see these stocks had an average of 12.75 hedge funds with bullish positions and the average amount invested in these stocks was $103 million. That figure was $66 million in FSP’s case. Stratasys, Ltd. (NASDAQ:SSYS) is the most popular stock in this table. On the other hand WesBanco, Inc. (NASDAQ:WSBC) is the least popular one with only 7 bullish hedge fund positions. Franklin Street Properties Corp. (NYSEAMEX:FSP) 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 SSYS might be a better candidate to consider taking a long position in.