Hedge Funds Are Buying The Rubicon Project Inc (RUBI)

As one would reasonably expect, key money managers have been driving this bullishness. Columbus Circle Investors, managed by Clifford Fox, initiated the largest position in The Rubicon Project Inc (NYSE:RUBI). Columbus Circle Investors had $5.6 million invested in the company at the end of the quarter. Christopher Zepf and Brian Thonn’s Kingdom Ridge Capital also initiated a $4.5 million position during the quarter. The other funds with brand new RUBI positions are Ken Fisher’s Fisher Asset Management, Chao Ku’s Nine Chapters Capital Management, and Adam Usdan’s Trellus Management Company.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as The Rubicon Project Inc (NYSE:RUBI) but similarly valued. We will take a look at Constellium NV (NYSE:CSTM), Wstrn Ast Clymr Infltn Lkd Opts & Inc Fd (NYSE:WIW), Orthofix International NV (NASDAQ:OFIX), and Osiris Therapeutics, Inc. (NASDAQ:OSIR). All of these stocks’ market caps are similar to RUBI’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $123 million, above the $71 million figure in RUBI’s case. Constellium NV (NYSE:CSTM) is the most popular stock in this table, while Wstrn Ast Clymr Infltn Lkd Opts & Inc Fd (NYSE:WIW) is the least popular one with only 4 bullish hedge fund positions. The Rubicon Project Inc (NYSE:RUBI) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CSTM might be a better candidate to consider a long position.