Do Hedge Funds Love P.H. Glatfelter Company (GLT)?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that sold off their entire stakes in the stock during the third quarter. It’s worth mentioning that Martin Whitman’s Third Avenue Management sold off the largest investment of the “upper crust” of funds tracked by Insider Monkey, worth close to $0.9 million in stock, and Matthew Hulsizer’s PEAK6 Capital Management was right behind this move, as the fund cut about $0.2 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as P.H. Glatfelter Company (NYSE:GLT) but similarly valued. We will take a look at Smart & Final Stores Inc (NYSE:SFS), MiMedx Group Inc (NASDAQ:MDXG), Compass Diversified Holdings (NYSE:CODI), and Maiden Holdings, Ltd. (NASDAQ:MHLD). This group of stocks’ market valuations resemble GLT’s market valuation.

As you can see these stocks had an average of 8.75 hedge funds with bullish positions and the average amount invested in these stocks was $33 million. That figure was $14 million in GLT’s case. Maiden Holdings, Ltd. (NASDAQ:MHLD) is the most popular stock in this table. On the other hand Compass Diversified Holdings (NYSE:CODI) is the least popular one with only 6 bullish hedge fund positions. P.H. Glatfelter Company (NYSE:GLT) 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 MHLD might be a better candidate to consider taking a long position in.

Disclosure: None