Hedge Funds Are Buying OraSure Technologies, Inc. (OSUR)

As industrywide interest jumped, some big names have been driving this bullishness. Fisher Asset Management, managed by Ken Fisher, initiated the most valuable position in OraSure Technologies, Inc. (NASDAQ:OSUR). Fisher Asset Management had $3.1 million invested in the company at the end of the quarter. Anders Hallberg and Carl Bennet’s HealthInvest Partners AB also initiated an $1.2 million position during the quarter. The other funds with brand new OSUR positions are Neil Chriss’s Hutchin Hill Capital, Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Let’s now review hedge fund activity in other stocks similar to OraSure Technologies, Inc. (NASDAQ:OSUR). We will take a look at Innocoll AG (NASDAQ:INNL), Electro Rent Corporation (NASDAQ:ELRC), HENNESS CAPITAL ACQUISITION CORP II (NASDAQ:HCAC), and Easterly Acquisition Corp (NASDAQ:EACQ). This group of stocks’ market caps are similar to OSUR’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $51 million. That figure was $39 million in OSUR’s case. HENNESS CAPITAL ACQUISITION CORP II (NASDAQ:HCAC) is the most popular stock in this table. On the other hand Innocoll AG (NASDAQ:INNL) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks OraSure Technologies, Inc. (NASDAQ:OSUR) 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.