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|
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.