Natural Grocers by Vitamin Cottage Inc (NGVC): How It Stacks Up Against Peers

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With general bullishness amongst the heavyweights, key money managers were leading the bulls’ herd. Citadel Investment Group created the most valuable position in Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC). Citadel Investment Group had $0.6 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC). We will take a look at Landcadia Holdings Inc. (NASDAQ:LCAHU), Easterly Acquisition Corp (NASDAQ:EACQ), Hovnanian Enterprises, Inc. (NYSE:HOV), and Trinity Place Holdings Inc. (NYSE:TPHS). All of these stocks’ market caps resemble NGVC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LCAHU 14 158796 2
EACQ 11 78069 0
HOV 10 13243 1
TPHS 4 83372 0

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 $83 million. That figure was $11 million in NGVC’s case. Landcadia Holdings Inc. (NASDAQ:LCAHU) is the most popular stock in this table. On the other hand Trinity Place Holdings Inc. (NYSE:TPHS) is the least popular one with only 4 bullish hedge fund positions. Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) 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 LCAHU might be a better candidate to consider taking a long position in.

Disclosure: None

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