Hedge Funds Are Crazy About Rick’s Cabaret Int’l, Inc (RICK)

With a general bullishness amongst the heavyweights, some big names were leading the bulls’ herd. Algert Coldiron Investors established the most valuable position in Rick’s Cabaret Int’l, Inc (NASDAQ:RICK). Algert Coldiron Investors had $0.6 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $0.1 million position during the quarter. The other funds with brand new RICK positions are Dmitry Balyasny’s Balyasny Asset Management and Ken Griffin’s Citadel Investment Group.

Let’s now review hedge fund activity in other stocks similar to Rick’s Cabaret Int’l, Inc (NASDAQ:RICK). We will take a look at Atlantic Alliance Partnership Corp (NASDAQ:AAPC), Cambridge Capital Acquisition Corp (NASDAQ:CAMB), Horizon Technology Finance Corp (NASDAQ:HRZN), and Evans Bancorp Inc. (NYSEMKT:EVBN). This group of stocks’ market caps resemble RICK’s market cap.

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 $10 million. That figure was $7 million in RICK’s case. Atlantic Alliance Partnership Corp (NASDAQ:AAPC) is the most popular stock in this table with a total of seven funds reporting long positions, while Cambridge Capital Acquisition Corp (NASDAQ:CAMB) is the least popular one. Compared to these stocks, Rick’s Cabaret Int’l, Inc (NASDAQ:RICK) 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.