Is Liberator Medical Holdings Inc (LBMH) A Good Stock To Buy?

Now, specific money managers have been driving this bullishness. Balyasny Asset Management, managed by Dmitry Balyasny, initiated the most outsized position in Liberator Medical Holdings Inc (NYSEMKT:LBMH). Balyasny Asset Management had $27,000 invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also made a $24,000 investment in the stock during the quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Liberator Medical Holdings Inc (NYSEMKT:LBMH) but similarly valued. These stocks are Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR), Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE), Northwest Pipe Company (NASDAQ:NWPX), and Catabasis Pharmaceuticals Inc (NASDAQ:CATB). This group of stocks’ market valuations are similar to Liberator Medical Holdings Inc (NYSEMKT:LBMH)’s market valuation.

As you can see, these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $22 million. That figure was $12 million in Liberator Medical Holdings Inc (NYSEMKT:LBMH)’s case. Northwest Pipe Company (NASDAQ:NWPX) is the most popular stock in this table. On the other hand, Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) is the least popular one with only 4 bullish hedge fund positions. Liberator Medical Holdings Inc (NYSEMKT:LBMH) 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, Northwest Pipe Company (NASDAQ:NWPX) might be a better candidate to consider a long position.