Do Hedge Funds Love Tabula Rasa HealthCare Inc (TRHC)?

Page 2 of 2

Consequently, specific money managers were breaking ground themselves. Sio Capital initiated the largest position in Tabula Rasa HealthCare Inc (NASDAQ:TRHC). The following funds were also among the new TRHC investors: Driehaus CapitalPine River Capital Management, and  Marshall Wace LLP.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Tabula Rasa HealthCare Inc (NASDAQ:TRHC) but similarly valued. These stocks are Hill International Inc (NYSE:HIL), Exa Corp (NASDAQ:EXA), KongZhong Corporation(ADR) (NASDAQ:KZ), and Orchid Island Capital Inc (NYSE:ORC). This group of stocks’ market values are similar to TRHC’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HIL 8 29666 -1
EXA 6 22085 3
KZ 3 6615 0
ORC 4 9936 4

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $17 million. That figure was $13 million in TRHC’s case. Hill International Inc (NYSE:HIL) is the most popular stock in this table. On the other hand KongZhong Corporation(ADR) (NASDAQ:KZ) is the least popular one with only 3 bullish hedge fund positions. Tabula Rasa HealthCare Inc (NASDAQ:TRHC) 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 HIL might be a better candidate to consider taking a long position in.

Disclosure: None

Page 2 of 2