Is TerraForm Global Inc (GLBL) A Good Stock To Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually sold off their positions entirely. At the top of the heap, Jerome L. Simon’s Lonestar Capital Management sold off the largest investment of the 700 funds followed by Insider Monkey, worth close to $7.7 million in stock, and Edward A. Mule’s Silver Point Capital was right behind this move, as the fund dropped about $6.9 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to TerraForm Global Inc (NASDAQ:GLBL). We will take a look at Douglas Dynamics Inc (NYSE:PLOW), Costamare Inc (NYSE:CMRE), Regis Corporation (NYSE:RGS), and Republic Bancorp, Inc. KY (NASDAQ:RBCAA). This group of stocks’ market caps are closest to GLBL’s market cap.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $64 million. That figure was $124 million in GLBL’s case. Regis Corporation (NYSE:RGS) is the most popular stock in this table. On the other hand Republic Bancorp, Inc. KY (NASDAQ:RBCAA) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks TerraForm Global Inc (NASDAQ:GLBL) 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