Is MiMedx Group Inc (MDXG) A Good Stock To Buy?

Because MiMedx Group Inc (NASDAQ:MDXG) has witnessed declining sentiment from the aggregate hedge fund industry, it’s safe to say that there is a sect of money managers who sold off their full holdings heading into Q4. Intriguingly, Justin John Ferayorni’s Tamarack Capital Management dumped the biggest investment of all the hedgies monitored by Insider Monkey, totaling close to $15.1 million in stock, and James A. Silverman’s Opaleye Management was right behind this move, as the fund dropped about $7.2 million worth. These transactions are intriguing to say the least, as total hedge fund interest dropped by 5 funds heading into Q4.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as MiMedx Group Inc (NASDAQ:MDXG) but similarly valued. We will take a look at American Woodmark Corporation (NASDAQ:AMWD), Sunrun Inc (NASDAQ:RUN), Schweitzer-Mauduit International, Inc. (NYSE:SWM), and AAON, Inc. (NASDAQ:AAON). All of these stocks’ market caps are closest to MDXG’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 $101 million. That figure was $24 million in MDXG’s case. American Woodmark Corporation (NASDAQ:AMWD) is the most popular stock in this table. On the other hand AAON, Inc. (NASDAQ:AAON) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks MiMedx Group Inc (NASDAQ:MDXG) 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.