Here is What Hedge Funds Think About Apollo Residential Mortgage Inc (AMTG)

Because Apollo Residential Mortgage Inc (NYSE:AMTG) has witnessed declining sentiment from the entirety of the hedge funds we track, it’s safe to say that there exist a select few hedgies that elected to cut their entire stakes last quarter. At the top of the heap, Jim Simons’s Renaissance Technologies sold off the largest position of the “upper crust” of funds monitored by Insider Monkey, comprising close to $0.8 million in stock, and David Costen Haley’s HBK Investments was right behind this move, as the fund sold off about $0.4 million worth. These moves are important to note, as total hedge fund interest dropped by 2 funds last quarter.

Let’s now review hedge fund activity in other stocks similar to Apollo Residential Mortgage Inc (NYSE:AMTG). We will take a look at Natural Health Trends Corp. (NASDAQ:NHTC), Calix Inc (NYSE:CALX), Waterstone Financial, Inc. (NASDAQ:WSBF), and Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI). This group of stocks’ market values match AMTG’s market value.

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 $45 million in AMTG’s case. Calix Inc (NYSE:ALX) is the most popular stock in this table. On the other hand Waterstone Financial, Inc. (NASDAQ:WSBF) is the least popular one with only 10 bullish hedge fund positions. Apollo Residential Mortgage Inc (NYSE:AMTG), with 11 bullish hedge fund positions, is not the least popular stock in this group, but it has not succeeded in attracting much attention from investors. This may imply that it is not a stock worth considering; therefore, we’d rather spend our time researching stocks that hedge funds are collectively most bullish on. In this case, CALX might be a better alternative.