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Hedge Funds Are Betting On Tilly’s Inc (TLYS)

Now, key elite funds have been driving this bullishness. Springbok Capital, led by Gavin Saitowitz and Cisco J. del Valle, created the most outsized position in Tilly’s Inc (NYSE:TLYS). Springbok Capital had $0.3 million invested in the company at the end of the quarter. Mike Vranos’s Ellington also made a $0.2 million investment in the stock during the quarter. The other funds with brand new TLYS positions are Chuck Royce’s Royce & Associates, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners, and Ken Griffin’s Citadel Investment Group.

Let’s now review hedge fund activity in other stocks similar to Tilly’s Inc (NYSE:TLYS). These stocks are Limoneira Company (NASDAQ:LMNR), Tuesday Morning Corporation (NASDAQ:TUES), Clearfield, Inc. (NASDAQ:CLFD), and AgroFresh Solutions Inc (NASDAQ:AGFS). All of these stocks’ market caps match TLYS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LMNR 2 851 -3
TUES 7 30512 -1
CLFD 5 11611 -1
AGFS 10 12142 -1

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $14 million. That figure was $10 million in TLYS’s case. AgroFresh Solutions Inc (NASDAQ:AGFS) is the most popular stock in this table. On the other hand Limoneira Company (NASDAQ:LMNR) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Tilly’s Inc (NYSE:TLYS) 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.