Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Should You Avoid Bryn Mawr Bank Corp. (BMTC)?

Before we spend days researching a stock idea we’d like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index returned about 5.2% during the last 12 months ending October 30th. Less than 49% of the stocks in the index outperformed the index. This means you (or a monkey throwing a dart) have less than an even chance of beating the market by randomly picking a stock. On the other hand, the top 30 S&P 500 stocks among hedge funds at the end of September 2014 had an average return of 9.5% during the same period. Sixty three percent of these 30 stocks outperformed the market. Hedge funds had bad stock picks like everyone else. Micron, which lost 50% over this period, was one of hedge funds’ 30 favorite S&P 500 stocks. Anadarko Petroleum was another failed stock pick which lost more than 26%. So, taking cues from hedge funds isn’t a foolproof strategy, but it seems to work on average. In this article, we will take a look at what hedge funds think about Bryn Mawr Bank Corp. (NASDAQ:BMTC).

bank, banking, gold, market, standard, isolated, worth, wealthy, economy, bullion, fortune, carat, bar, reserve, precious, business, symbol, ingot, value, wealth, luxury, finance, 24-carat, treasure, fed, dollar, treasury, banknote, jackson, economic, greed, trust, money, federal, face, currency, growth, rich, recession, nugget, mortgage, background, investment, note, financial, crisis, savings, metal, capital


Is Bryn Mawr Bank Corp. (NASDAQ:BMTC) worth your attention right now? Our calculations showed that hedge funds are reducing their bets on the stock. The number of long hedge fund bets retreated by 1 in recent months. At the end of this article, we will also compare Bryn Mawr Bank Corp. (NASDAQ:BMTC) to other stocks including MYR Group Inc (NASDAQ:MYRG), Triangle Capital Corporation (NYSE:TCAP), and Mercury Systems Inc (NASDAQ:MRCY) to get a better sense of its popularity.

Follow Bryn Mawr Bank Corp (NASDAQ:BMTC)
Trade (NASDAQ:BMTC) Now!

How are hedge funds trading Bryn Mawr Bank Corp. (NASDAQ:BMTC)?

At the end of the third quarter, a total of 8 of the hedge funds tracked by Insider Monkey were bullish in this stock, a drop of 11% from the second quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their holdings meaningfully.

When looking at the hedgies followed by Insider Monkey, Matthew Lindenbaum’s Basswood Capital had the biggest position in Bryn Mawr Bank Corp. (NASDAQ:BMTC), worth close to $11.4 million, accounting for 0.6% of its total 13F portfolio. The second most bullish hedge fund manager is Renaissance Technologies, founded by math genius Jim Simons, holding a $10.4 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining members of the smart money that hold long positions contain Paul Hondros’ AlphaOne Capital Partners, Ken Gray and Steve Walsh’s Bryn Mawr Capital and Bernard Horn’s Polaris Capital Management.

Due to the fact that Bryn Mawr Bank Corp. (NASDAQ:BMTC) has witnessed a declination in interest from the aggregate hedge fund industry, it’s easy to see that there is a sect of fund managers who were dropping their full holdings last quarter. Interestingly, Israel Englander’s Millennium Management said goodbye to the biggest investment of the 700 funds watched by Insider Monkey, valued at an estimated $1.4 million in stock, and quant hedge fund D E Shaw was right behind this move, as the fund dumped about $0.4 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest fell by 1 funds last quarter.

Let’s check out hedge fund activity in other stocks similar to Bryn Mawr Bank Corp. (NASDAQ:BMTC). These stocks are MYR Group Inc (NASDAQ:MYRG), Triangle Capital Corporation (NYSE:TCAP), Mercury Systems Inc (NASDAQ:MRCY), and PC Connection, Inc. (NASDAQ:PCCC). This group of stocks’ market caps are closest to Bryn Mawr Bank Corp. (NASDAQ:BMTC)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MYRG 14 79816 -2
TCAP 6 7140 1
MRCY 18 125643 4
PCCC 8 58525 0

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $68 million. Mercury Systems Inc (NASDAQ:MRCY) is the most popular stock in this table. On the other hand Triangle Capital Corporation (NYSE:TCAP) is the least popular one with only 6 bullish hedge fund positions. Bryn Mawr Bank Corp. (NASDAQ:BMTC) 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 Triangle Capital Corporation (NYSE:TCAP) might be a better candidate to consider a long position.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!