Is Quaker Chemical Corp (KWR) a Good Stock to Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually got rid of their positions entirely. Interestingly, Paul Marshall and Ian Wace’s Marshall Wace LLP got rid of the largest position of all the investors watched by Insider Monkey, valued at close to $0.7 million in stock, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital was right behind this move, as the fund said goodbye to about $0.1 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Quaker Chemical Corp (NYSE:KWR) but similarly valued. We will take a look at WisdomTree Investments, Inc. (NASDAQ:WETF), Seaspan Corporation (NYSE:SSW), GNC Holdings Inc (NYSE:GNC), and Adecoagro SA (NYSE:AGRO). This group of stocks’ market caps resemble KWR’s market cap.

As you can see these stocks had an average of 16.5 hedge funds with bullish positions and the average amount invested in these stocks was $137 million. That figure was $129 million in KWR’s case. GNC Holdings Inc (NYSE:GNC) is the most popular stock in this table. On the other hand Seaspan Corporation (NYSE:SSW) is the least popular one with only 7 bullish hedge fund positions. Quaker Chemical Corp (NYSE:KWR) 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 GNC might be a better candidate to consider taking a long position in.