National Health Investors Inc (NHI): Hedge Fund Sentiment Continues to Lag

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dumped their positions entirely. It’s worth mentioning that Richard Driehaus’ Driehaus Capital dumped the biggest investment of the “upper crust” of funds tracked by Insider Monkey, valued at about $2.8 million in stock, and George Hall’s Clinton Group was right behind this move, as the fund sold off about $1.9 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as National Health Investors Inc (NYSE:NHI) but similarly valued. These stocks are Fresh Del Monte Produce Inc (NYSE:FDP), Worthington Industries, Inc. (NYSE:WOR), Science Applications International Corp (NYSE:SAIC), and Sprouts Farmers Market Inc (NASDAQ:SFM). All of these stocks’ market caps resemble NHI’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $124 million. That figure was $69 million in NHI’s case. Sprouts Farmers Market Inc (NASDAQ:SFM) is the most popular stock in this table. On the other hand Science Applications International Corp (NYSE:SAIC) is the least popular one with only 15 bullish hedge fund positions. Compared to these stocks National Health Investors Inc (NYSE:NHI) is even less popular than SAIC. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

Disclosure: None