Here is What Hedge Funds Think About DSP Group, Inc. (DSPG)

Now, key money managers were leading the bulls’ herd. Israel Englander’s Millennium Management, assembled the biggest position in DSP Group, Inc. (NASDAQ:DSPG). Millennium Management had $0.7 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s  Arrowstreet Capital  also made a $0.3 million investment in the stock during the quarter. The following funds were also among the new DSPG investors: Ken Griffin’s Citadel Investment Group and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.
Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as DSP Group, Inc. (NASDAQ:DSPG) but similarly valued. These stocks are Pioneer Energy Services Corp (NYSE:PES), Ignyta Inc (NASDAQ:RXDX), Safeguard Scientifics, Inc (NYSE:SFE), and Kandi Technolgies Corp. (NASDAQ:KNDI). This group of stocks’ market caps match DSPG’s market cap.

As you can see these stocks had an average of 8.5 hedge funds with bullish positions and the average amount invested in these stocks was $26 million. That figure was $59 million in DSPG’s case. Ignyta Inc (NASDAQ:RXDX) is the most popular stock in this table. On the other hand Kandi Technolgies Corp. (NASDAQ:KNDI) is the least popular one with only 3 bullish hedge fund positions. DSP Group, Inc. (NASDAQ:DSPG) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RXDX might be a better candidate to consider taking a long position in.