NV5 Holdings Inc (NVEE) In A Holding Pattern With Smart Money

Earlier, we told you that the aggregate hedge fund interest in the stock was unchanged and we view this as a negative development. Even though there weren’t any hedge funds dumping their holdings during the third quarter, there weren’t any hedge funds initiating brand new positions either. This indicates that hedge funds, at the very best, perceive this stock as dead money and haven’t identified any viable catalysts to attract their attention.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as NV5 Holdings Inc (NASDAQ:NVEE) but similarly valued. We will take a look at Ampio Pharmaceuticals, Inc. (NASDAQ:AMPE), Agile Therapeutics Inc (NASDAQ:AGRX), Century Casinos, Inc. (NASDAQ:CNTY), and J Alexander’s Holdings Inc (NYSE:JAX). All of these stocks’ market caps match NV5 Holdings Inc (NASDAQ:NVEE)’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 $29 million. That figure was $12 million in NV5 Holdings Inc (NASDAQ:NVEE)’s case. J Alexander’s Holdings Inc (NYSE:JAX) is the most popular stock in this table. On the other hand, Ampio Pharmaceuticals, Inc. (NASDAQ:AMPE) is the least popular one with only 5 bullish hedge fund positions. NV5 Holdings Inc (NASDAQ:NVEE) 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, J Alexander’s Holdings Inc (NYSE:JAX) might be a better candidate to consider a long position in.