Is Greenhill & Co., Inc. (GHL) A Good Stock To Buy?

As aggregate interest increased, some big names have been driving this bullishness. Balyasny Asset Management, led by Dmitry Balyasny, initiated the biggest position in Greenhill & Co., Inc. (NYSE:GHL). Balyasny Asset Management had $3.9 million invested in the company at the end of the quarter. Paul Tudor Jones’s Tudor Investment Corp also initiated a $2.1 million position during the quarter. The other funds with brand new GHL positions are Sharif Siddiqui’s Alpenglow Capital, Solomon Kumin’s Folger Hill Asset Management, and Mike Vranos’ Ellington.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Greenhill & Co., Inc. (NYSE:GHL) but similarly valued. These stocks are Rudolph Technologies Inc (NYSE:RTEC), National Storage Affiliates Trust (NYSE:NSA), Otonomy Inc (NASDAQ:OTIC), and Easterly Government Properties Inc (NYSE:DEA). This group of stocks’ market caps are similar to GHL’s market cap.

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 $73 million. That figure was $106 million in GHL’s case. Rudolph Technologies Inc (NYSE:RTEC) is the most popular stock in this table. On the other hand Easterly Government Properties Inc (NYSE:DEA) is the least popular one with only 8 bullish hedge fund positions. Greenhill & Co., Inc. (NYSE:GHL) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RTEC might be a better candidate to consider taking a long position in.

Disclosure: None