Marchex, Inc. (MCHX): How Does It Stack Up Against Its Peers?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dumped their entire stakes in the stock during the third quarter. It’s worth mentioning that Constantinos J. Christofilis’ Archon Capital Management dumped the largest stake of all the investors studied by Insider Monkey, totaling an estimated $6.8 million in stock, and Chuck Royce’s Royce & Associates was right behind this move, as the fund dropped about $0.3 million worth of shares.

Let’s also examine hedge fund activity in other stocks similar to Marchex, Inc. (NASDAQ:MCHX). We will take a look at Entegra Financial Corp (NASDAQ:ENFC), Community Bankers Trust Corp. (NASDAQ:ESXB), Unique Fabricating Inc (NYSEMKT:UFAB), and Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). This group of stocks’ market caps match MCHX’s market cap.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $21 million. That figure was $18 million in MCHX’s case. Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) is the most popular stock in this table. On the other hand Community Bankers Trust Corp. (NASDAQ:ESXB) is the least popular one with only 5 bullish hedge fund positions. Marchex, Inc. (NASDAQ:MCHX) 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 WHLR might be a better candidate to consider taking a long position in.

Disclosure: None