Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying Carolina Bank Holding Inc. (NC) (CLBH)

As we already know from media reports and hedge fund investor letters, many hedge funds lost money in the third quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with healthcare among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent declines. In particular, let’s take a look at what hedge funds think about Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) in this article.

Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) investors should pay attention to an increase in support from the world’s most elite money managers lately. A similar sentiment was echoed in the stock market, with the shares of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) improving 7.22% throughout the quarter. In order to understand more about the hedge fund behavior, we will discuss hedge funds that held Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) in their portfolio, at the end of the last quarter.

The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as Vericel Corp (NASDAQ:VCEL), Town Sports International Holdings, Inc. (NASDAQ:CLUB), and Ion Geophysical Corp (NYSE:IO) to gather more data points.

Follow Carolina Bank Holdings Inc (NASDAQ:CLBH)
Trade (NASDAQ:CLBH) Now!

According to most investors, hedge funds are perceived as unimportant, old investment tools of yesteryear. While there are greater than 8000 funds in operation at the moment, our experts choose to focus on the top tier of this group, approximately 700 funds. It is estimated that this group of investors manages the majority of the hedge fund industry’s total asset base, and by following their finest investments, Insider Monkey has come up with a few investment strategies that have historically outperformed the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy exceeded the S&P 500 index by 12 percentage points annually for a decade in their back tests.

With all of this in mind, let’s go over the recent action regarding Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH).

How are hedge funds trading Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH)?

At the end of Q3, a total of 4 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 33% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their holdings significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Matthew Lindenbaum’s Basswood Capital has the number one position in Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH), worth close to $5.5 million, comprising 0.3% of its total 13F portfolio. The second most bullish fund manager is Endicott Management, managed by Robert I. Usdan and Wayne K. Goldstein, which holds a $3.3 million position; the fund has 1.2% of its 13F portfolio invested in the stock. Other peers with similar optimism consist of Emanuel J. Friedman’s EJF Capital, and Fred Cummings’s Elizabeth Park Capital Management.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.