Should You Add One Liberty Properties, Inc. (OLP) to Your Portfolio?

As industrywide interest jumped, key money managers were leading the bulls’ herd. Citadel Investment Group, led by Ken Griffin, initiated the most valuable position in One Liberty Properties, Inc. (NYSE:OLP). Citadel Investment Group had $0.2 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as One Liberty Properties, Inc. (NYSE:OLP) but similarly valued. We will take a look at Mesa Laboratories, Inc. (NASDAQ:MLAB), Ryerson Holding Corp (NYSE:RYI), Daktronics, Inc. (NASDAQ:DAKT), and China Online Education Group (NASDAQ:COE). This group of stocks’ market valuations are closest to OLP’s market valuation.

As you can see these stocks had an average of 10 funds with bullish positions and the average amount invested in these stocks was $28 million. That figure was $14 million in OLP’s case. Ryerson Holding Corp (NYSE:RYI) and Daktronics, Inc. (NASDAQ:DAKT) are the most popular stocks in this table. On the other hand Mesa Laboratories, Inc. (NASDAQ:MLAB) and China Online Education Group (NASDAQ:COE) are the least popular with only five bullish hedge fund positions. One Liberty Properties, Inc. (NYSE:OLP) 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 RYI might be a better candidate to consider taking a long position in.

Disclosure: none