What Do Hedge Funds Think About Sapiens International Corporation N.V. (SPNS)?

As industrywide interest jumped, some big names have jumped into Sapiens International Corporation N.V. (NASDAQ:SPNS) headfirst. LMR Partners created the most valuable position in Sapiens International Corporation N.V. (NASDAQ:SPNS). Robert B. Gillam’s McKinley Capital Management also made a $2 million investment in the stock during the quarter. The following funds were also among the new SPNS investors: John Overdeck and David Siegel’s Two Sigma Advisors, Israel Englander’s Millennium Management, and Neil Chriss’ Hutchin Hill Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Sapiens International Corporation N.V. (NASDAQ:SPNS) but similarly valued. We will take a look at Bryn Mawr Bank Corp. (NASDAQ:BMTC), MYR Group Inc (NASDAQ:MYRG), Triangle Capital Corporation (NYSE:TCAP), and Mercury Systems Inc (NASDAQ:MRCY). This group of stocks’ market values are closest to SPNS’s market value.

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 $61 million. That figure was $28 million in SPNS’s case. 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. Sapiens International Corporation N.V. (NASDAQ:SPNS) 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 MRCY might be a better candidate to consider a long position.