Should You Pay Attention to Janus Capital Group Inc (JNS)?

Seeing as Janus Capital Group Inc (NYSE:JNS) has experienced declining sentiment from the aggregate hedge fund industry, it’s safe to say that there exists a select few fund managers who were dropping their entire stakes heading into Q4. It’s worth mentioning that Richard Schimel’s Sterling Ridge Capital Management dumped the largest stake of the “upper crust” of funds monitored by Insider Monkey, comprising an estimated $3.8 million in stock. Chao Ku’s fund, Nine Chapters Capital Management, also sold off its stock, about $1.5 million worth. These bearish behaviors are important to note, as total hedge fund interest fell by 1 fund heading into Q4.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Janus Capital Group Inc (NYSE:JNS) but similarly valued. These stocks are REGAL-BELOIT CORPORATION (NYSE:RBC), The Medicines Company (NASDAQ:MDCO), NorthWestern Corp (NYSE:NWE), and Prospect Capital Corporation (NASDAQ:PSEC). This group of stocks’ market values are similar to JNS’s market value.

As you can see these stocks had an average of 15.75 hedge funds with bullish positions and the average amount invested in these stocks was $281 million. That figure was $342 million in JNS’s case. REGAL-BELOIT CORPORATION (NYSE:RBC) is the most popular stock in this table. On the other hand NorthWestern Corp (NYSE:NWE) is the least popular one with only 12 bullish hedge fund positions. Janus Capital Group Inc (NYSE:JNS) is tied for the most popular stock in this group and has an above-average amount of money invested in it. This is a positive signal and makes the stock worth considering a long position in.