Is There An Epic Investing Opportunity In EPIQ Systems, Inc. (EPIQ)?

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Due to the fact that EPIQ Systems, Inc. (NASDAQ:EPIQ) has experienced bearish sentiment from the entirety of the hedge funds we track, logic holds that there were a few money managers that elected to cut their full holdings last quarter. It’s worth mentioning that Glenn Russell Dubin’s Highbridge Capital Management cut the largest position of the 700 funds tracked by Insider Monkey, worth an estimated $2.9 million in stock. Andrew Grossman and Michael Levitt’s fund, LG Capital Management, also cut its stock, about $2.2 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest was cut by 1 fund during the last quarter.

Let’s now review hedge fund activity in other stocks similar to EPIQ Systems, Inc. (NASDAQ:EPIQ). These stocks are Boot Barn Holdings Inc (NYSE:BOOT), Hanger Inc (NYSE:HGR), PennantPark Investment Corp. (NASDAQ:PNNT), and QAD Inc. (NASDAQ:QADA). All of these stocks’ market caps resemble EPIQ Systems, Inc.’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BOOT 7 31754 -4
HGR 11 25553 2
PNNT 11 8561 1
QADA 11 45701 1

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 $28 million. That figure was $86 million in EPIQ’s case. Hanger Inc (NYSE:HGR) is the most popular stock in this table. On the other hand Boot Barn Holdings Inc (NYSE:BOOT) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks EPIQ Systems, Inc. (NASDAQ:EPIQ) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and have more money invested in it, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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