Consequently, key hedge funds have jumped into Vishay Precision Group Inc (NYSE:VPG) headfirst. Litespeed Management, led by Jamie Zimmerman, initiated the most valuable position in Vishay Precision Group Inc (NYSE:VPG). Litespeed Management had $6.1 million invested in the company at the end of the quarter. Arnaud Ajdler’s Engine Capital also initiated a $0.7 million position during the quarter. The only other fund with a new position in the stock is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.
Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Vishay Precision Group Inc (NYSE:VPG) but similarly valued. These stocks are Veracyte Inc (NASDAQ:VCYT), Flex Pharma Inc (NASDAQ:FLKS), Black Box Corporation (NASDAQ:BBOX), and DRDGOLD Ltd. (ADR) (NYSE:DRD). This group of stocks’ market caps are closest to VPG’s market cap.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
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 $13 million. That figure was $62 million in VPG’s case. Black Box Corporation (NASDAQ:BBOX) is the most popular stock in this table. On the other hand Flex Pharma Inc (NASDAQ:FLKS) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Vishay Precision Group Inc (NYSE:VPG) 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.