What Do Hedge Funds Think of American Capital Ltd. (ACAS)?

Because American Capital Ltd. (NASDAQ:ACAS) has experienced a declination in interest from hedge fund managers, it’s safe to say that there lies a certain “tier” of funds that decided to sell off their positions entirely last quarter. It’s worth mentioning that David Costen Haley’s HBK Investments dropped the largest position of all the hedgies followed by Insider Monkey, totaling close to $105.1 million in stock, and Marc Majzner’s Clearline Capital was right behind this move, as the fund sold off about $15.7 million worth. These transactions are interesting, as total hedge fund interest was cut by 2 funds last quarter.

Let’s now review hedge fund activity in other stocks similar to American Capital Ltd. (NASDAQ:ACAS). We will take a look at RLJ Lodging Trust (NYSE:RLJ), Webster Financial Corporation (NYSE:WBS), Portland General Electric Company (NYSE:POR), and HEICO Corporation (NYSE:HEI). This group of stocks’ market valuations are similar to ACAS’s market valuation.

As you can see these stocks had an average of 18.25 hedge funds with bullish positions and the average amount invested in these stocks was $284 million. That figure was $1,095 million in ACAS’s case. HEICO Corporation (NYSE:HEI) is the most popular stock in this table. On the other hand RLJ Lodging Trust (NYSE:RLJ) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks American Capital Ltd. (NASDAQ:ACAS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.