Is MCBC Holdings Inc (MCFT) a Good Stock to Buy?

Now, key hedge funds have jumped into MCBC Holdings Inc (NASDAQ:MCFT) headfirst. Citadel Investment Group, led by Ken Griffin, created the biggest position in MCBC Holdings Inc (NASDAQ:MCFT). Citadel Investment Group had $5.7 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also made a $2.6 million investment in the stock during the quarter. The following funds were also among the new MCFT investors: John Overdeck and David Siegel’s Two Sigma Advisors, D E Shaw, one of the biggest hedge funds in the world and Benjamin A. Smith’s Laurion Capital Management.

Let’s go over hedge fund activity in other stocks similar to MCBC Holdings Inc (NASDAQ:MCFT). These stocks are Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), Vishay Precision Group Inc (NYSE:VPG), Veracyte Inc (NASDAQ:VCYT), and Flex Pharma Inc (NASDAQ:FLKS). This group of stocks’ market caps are closest to MCFT’s market cap.

As you can see these stocks had an average of nine funds with bullish positions and the average amount invested in these stocks was $23 million. That figure was $100 million in MCFT’s case. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is the most popular stock in this table, while Flex Pharma Inc (NASDAQ:FLKS) is the least popular one with only four funds holding shares. Compared to these stocks MCBC Holdings Inc (NASDAQ:MCFT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none