Hedge Funds Aren’t Crazy About MVC Capital, Inc. (MVC) Anymore

Seeing as MVC Capital, Inc. (NYSE:MVC) has experienced falling interest from hedge fund managers, it’s safe to say that there were a few money managers that decided to sell off their entire stakes by the end of the third quarter. Intriguingly, Phillip Goldstein, Andrew Dakos and Steven Samuels’s Bulldog Investors dumped the largest position of the “upper crust” of funds watched by Insider Monkey, worth close to $14.4 million in stock.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as MVC Capital, Inc. (NYSE:MVC) but similarly valued. We will take a look at Merchants Bancshares,Inc. (NASDAQ:MBVT), Blueknight Energy Partners L.P. (NASDAQ:BKEP), Five9 Inc (NASDAQ:FIVN), and North Atlantic Drilling Ltd. (NYSE:NADL). This group of stocks’ market values resemble MVC’s market value.

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $15 million. Five9 Inc (NASDAQ:FIVN) is the most popular stock in this table, while Merchants Bancshares,Inc. (NASDAQ:MBVT) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks MVC Capital, Inc. (NYSE:MVC) is more popular among hedge funds. Moreover, hedge funds hold $24 million worth of MVC’s stock. Considering that the smart money is 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.