Do Hedge Funds Love Preferred Bank (PFBC)?

Now, some big names were breaking ground themselves. Springbok Capital, managed by Gavin Saitowitz and Cisco J. del Valle, established the biggest position in Preferred Bank (NASDAQ:PFBC). Springbok Capital had $0.1 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Preferred Bank (NASDAQ:PFBC) but similarly valued. We will take a look at YRC Worldwide, Inc. (NASDAQ:YRCW), Eclipse Resources Corp (NYSE:ECR), SunCoke Energy Partners LP (NYSE:SXCP), and Imprivata Inc (NYSE:IMPR). All of these stocks’ market caps are similar to PFBC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
YRCW 27 213738 9
ECR 10 25829 -1
SXCP 5 8890 -6
IMPR 15 97958 0

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $87 million. That figure was $51 million in PFBC’s case. YRC Worldwide, Inc. (NASDAQ:YRCW) is the most popular stock in this table. On the other hand SunCoke Energy Partners LP (NYSE:SXCP) is the least popular one with only 5 bullish hedge fund positions. Preferred Bank (NASDAQ:PFBC) is not the least popular stock in this grou,p 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 YRCW might be a better candidate to consider a long position.