Golar LNG Partners LP (GMLP): How It Stacks Up Against Its Peers

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Consequently, key hedge funds were breaking ground themselves. Vertex One Asset Management created the most valuable position in Golar LNG Partners LP (NASDAQ:GMLP). Vertex One Asset Management had $4.2 million invested in the company at the end of the quarter. Renaissance Technologies also made a $0.6 million investment in the stock during the quarter. The only other fund with a brand new GMLP position was Ken Griffin’s Citadel Investment Group.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Golar LNG Partners LP (NASDAQ:GMLP) but similarly valued. These stocks are Air Methods Corp (NASDAQ:AIRM), SeaWorld Entertainment Inc (NYSE:SEAS), Allianzgi NFJ Dividend int & Prm Stgy Fd (NYSE:NFJ), and Dermira Inc (NASDAQ:DERM). This group of stocks’ market valuations resemble GMLP’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AIRM 17 103359 2
SEAS 14 105794 -2
NFJ 3 17148 0
DERM 29 204585 5

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $108 million. That figure was $59 million in GMLP’s case. Dermira Inc (NASDAQ:DERM) is the most popular stock in this table. On the other hand Allianzgi NFJ Dividend int & Prm Stgy Fd (NYSE:NFJ) is the least popular one with only 3 bullish hedge fund positions. Golar LNG Partners LP (NASDAQ:GMLP) is not the least popular stock in this group 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 DERM might be a better candidate to consider taking a long position in.

Disclosure: None

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