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 Optimistic About Catalyst Biosciences Inc (CBIO)

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Catalyst Biosciences Inc (NASDAQ:CBIO) but similarly valued. These stocks are Bovie Medical Corporation (NYSEMKT:BVX), A M Castle and Co (NYSE:CAS), BIOLASE Inc (NASDAQ:BIOL), and FX Energy, Inc. (NASDAQ:FXEN). This group of stocks’ market values resemble CBIO’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BVX 6 9051 0
CAS 7 17502 -6
BIOL 8 9259 -1
FXEN 5 1981 -1

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $9 million. That figure in the case of CBIO was $9 million as well. BIOLASE Inc (NASDAQ:BIOL) is the most popular stock in this table, while FX Energy, Inc. (NASDAQ:FXEN) is the least popular one with only 5 bullish hedge fund positions. With 9 elite funds having reported long positions, Catalyst Biosciences Inc (NASDAQ:CBIO) is clearly the most popular stock among its peers. Taking into consideration all these factors, it may be a good idea to analyze this stock in detail and potentially include it in your portfolio.

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.