Do Hedge Funds Love Rogers Corporation (ROG)?

Due to the fact that Rogers Corporation (NYSE:ROG) has encountered bearish sentiment from the aggregate hedge fund industry, logic holds that there exists a select few hedgies that slashed their entire stakes in the third quarter. At the top of the heap, Joseph A. Jolson’s Harvest Capital Strategies cashed in the largest position of the 700 funds watched by Insider Monkey, worth an estimated $8.6 million in stock. Mark Coe’s fund, Coe Capital Management, also cut its stock, about $2.1 million worth.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Rogers Corporation (NYSE:ROG) but similarly valued. These stocks are Concordia Healthcare Corp (NASDAQ:CXRX), Q2 Holdings Inc (NYSE:QTWO), OSI Systems, Inc. (NASDAQ:OSIS), and Smart & Final Stores Inc (NYSE:SFS). This group of stocks’ market values resemble ROG’s market value.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $49 million. That figure was $110 million in ROG’s case. OSI Systems, Inc. (NASDAQ:OSIS) is the most popular stock in this table. On the other hand Smart & Final Stores Inc (NYSE:SFS) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Rogers Corporation (NYSE:ROG) 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.

Disclosure: None