What Hedge Funds Think about Gain Capital Holdings Inc (GCAP)?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cut their entire stakes in the stock during the third quarter. Interestingly, David Brown’s Hawk Ridge Management cut the largest position of all the hedgies followed by Insider Monkey, totaling an estimated $0.8 million in stock. Mike Vranos’ fund, Ellington, also dropped its stock, about $0.1 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to Gain Capital Holdings Inc (NYSE:GCAP). We will take a look at Boot Barn Holdings Inc (NYSE:BOOT), Edge Therapeutics Inc (NASDAQ:EDGE), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), and Nature’s Sunshine Prod. (NASDAQ:NATR). This group of stocks’ market values are closest to GCAP’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $54 million. That figure was $42 million in GCAP’s case. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) is the most popular stock in this table. On the other hand Edge Therapeutics Inc (NASDAQ:EDGE) is the least popular one with only 3 bullish hedge fund positions. Gain Capital Holdings Inc (NYSE:GCAP) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard BGFV might be a better candidate to consider taking a long position in.

Disclosure: None