Hedge Funds Are Betting On MVC Capital, Inc. (MVC)

With a general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. GRT Capital Partners, led by Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk, created the largest position in MVC Capital, Inc. (NYSE:MVC). GRT Capital Partners 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 MVC Capital, Inc. (NYSE:MVC) but similarly valued. These stocks are Northern Dynasty Minerals Ltd. (USA) (NYSEAMEX:NAK), Investors Title Company (NASDAQ:ITIC), Brookfield High Income Fund Inc (NYSE:HHY), and Rosetta Stone Inc (NYSE:RST). This group of stocks’ market valuations are closest to MVC’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NAK 7 8963 2
ITIC 2 22716 0
HHY 3 3689 0
RST 10 93566 0

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 $32 million. That figure was $40 million in MVC’s case. Rosetta Stone Inc (NYSE:RST) is the most popular stock in this table. On the other hand Investors Title Company (NASDAQ:ITIC) is the least popular one with only 2 bullish hedge fund positions. MVC Capital, Inc. (NYSE:MVC) is among the most popular stocks in this group according to our data, and the stock might be worth a closer look.

Disclosure: None