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Here is What Hedge Funds Think About Orthofix International NV (OFIX)

As industrywide interest jumped, key money managers were breaking ground themselves. Ellington, managed by Mike Vranos, assembled the biggest position in Orthofix International NV (NASDAQ:OFIX). Ellington had $0.4 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also made a $0.3 million investment in the stock during the quarter. The only other fund with a brand new OFIX position is Glenn Russell Dubin’s Highbridge Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Orthofix International NV (NASDAQ:OFIX). We will take a look at Osiris Therapeutics, Inc. (NASDAQ:OSIR), Blackstone / GSO Strategic Credit Fund (NYSE:BGB), Foundation Medicine Inc (NASDAQ:FMI), and Quidel Corporation (NASDAQ:QDEL). This group of stocks’ market caps resemble OFIX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
OSIR 10 52804 -1
BGB 7 50633 3
FMI 7 46856 0
QDEL 12 29063 -3

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $45 million. That figure was $245 million in OFIX’s case. Quidel Corporation (NASDAQ:QDEL) is the most popular stock in this table. On the other hand Blackstone / GSO Strategic Credit Fund (NYSE:BGB) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Orthofix International NV (NASDAQ:OFIX), with 21 bullish hedge fund positions, is more popular among hedge funds. Considering that hedge funds are 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.

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