What Do Hedge Funds Think of Sizmek Inc (SZMK)?

Since Sizmek Inc (NASDAQ:SZMK) has experienced bearish sentiment from hedge fund managers, it’s safe to say that there lies a certain “tier” of fund managers that slashed their entire stakes last quarter. Intriguingly, Mark N. Diker’s Diker Management said goodbye to the largest stake of the 700 funds monitored by Insider Monkey, comprising close to $0.4 million in stock. Ken Griffin’s fund, Citadel Investment Group, also sold off its stock, about $0.3 million worth. These moves are interesting, as total hedge fund interest fell by 2 funds last quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Sizmek Inc (NASDAQ:SZMK) but similarly valued. These stocks are Autobytel Inc. (NASDAQ:ABTL), Mattson Technology, Inc. (NASDAQ:MTSN), First Financial Northwest, Inc. (NASDAQ:FFNW), and TESSCO Technologies, Inc. (NASDAQ:TESS). This group of stocks’ market caps resemble SZMK’s market cap.

As you can see these stocks had an average of an 8.5 hedge funds with bullish positions and the average amount invested in these stocks was $18 million. That figure was $22 million in SZMK’s case. Autobytel Inc. (NASDAQ:ABTL) is the most popular stock in this table. On the other hand FIRST FINANCIAL NORTHWEST, INC. (NASDAQ:FFNW) is the least popular one with only 6 bullish hedge fund positions. Sizmek Inc (NASDAQ:SZMK) 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 ABTL might be a better candidate to consider a long position.