Should You Add Build-A-Bear Workshop, Inc (BBW) to Your Portfolio?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dumped their positions entirely. At the top of the heap, Adam Wright and Gary Kohler’s Blue Clay Capital dumped the biggest stake of all the hedgies studied by Insider Monkey, comprising an estimated $0.6 million in stock. Israel Englander’s fund, Millennium Management, also dumped its stock, about $0.3 million worth.

Let’s check out hedge fund activity in other stocks similar to Build-A-Bear Workshop, Inc (NYSE:BBW). These stocks are Credit Suisse AM Inc Fund Inc. (NYSEMKT:CIK), Everi Holdings Inc (NYSE:EVRI), Vectrus Inc (NYSE:VEC), and Sientra Inc (NASDAQ:SIEN). This group of stocks’ market values are similar to BBW’s market value.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $29 million. That figure was $40 million in BBW’s case. Everi Holdings Inc (NYSE:EVRI) is the most popular stock in this table. On the other hand Credit Suisse AM Inc Fund Inc. (NYSEMKT:CIK) is the least popular one with only 2 bullish hedge fund positions. Build-A-Bear Workshop, Inc (NYSE:BBW) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard EVRI might be a better candidate to consider taking a long position in.

Disclosure: None