Attunity Ltd (ATTU): Hedge Funds Are Snapping Up

Consequently, key money managers have been driving this bullishness. Whitebox Advisors, managed by Andy Redleaf, initiated the most valuable position in Attunity Ltd (NASDAQ:ATTU). Whitebox Advisors had $0.6 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also made a $0.2 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks similar to Attunity Ltd (NASDAQ:ATTU). We will take a look at Atlas Financial Holdings Inc (NASDAQ:AFH), Miller Industries, Inc. (NYSE:MLR), Quotient Ltd (NASDAQ:QTNT), and Hallmark Financial Services, Inc. (NASDAQ:HALL). This group of stocks’ market values are closest to ATTU’s market value.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $43 million, compared to $36 million in ATTU’s case. Quotient Ltd (NASDAQ:QTNT) is the most popular stock in this table with nine funds reporting long positions, while Hallmark Financial Services, Inc. (NASDAQ:HALL) is the least popular one. Compared to these stocks Attunity Ltd (NASDAQ:ATTU) 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.