Hedge Funds Are Dumping Catalyst Pharmaceutical Partners, Inc. (CPRX)

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) but similarly valued. We will take a look at Superior Uniform Group Inc (NASDAQ:SGC), Electrum Special Acquisition Corp (NASDAQ:ELECU), Sigma Designs Inc (NASDAQ:SIGM), and RadNet Inc. (NASDAQ:RDNT). This group of stocks’ market caps match CPRX’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $51 million. That figure was $67 million in CPRX’s case. Sigma Designs Inc (NASDAQ:SIGM) is the most popular stock in this table. On the other hand, Superior Uniform Group Inc (NASDAQ:SGC) is the least popular one with only 6 bullish hedge fund positions. Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX), with 14 bullish hedge fund points is not the least popular stock in this group, but still it has not caught much attention from investors. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SIGM might be a better candidate to consider a long position.