How Dawson Geophysical Company (DWSN) Stacks Up Against Its Peers

Because Dawson Geophysical Company (NASDAQ:DWSN) has sustained a decline in interest from hedge fund managers, it’s easy to see that there is a sect of money managers that slashed their full holdings heading into Q4. Intriguingly, Richard Driehaus’ Driehaus Capital dropped the biggest stake of all the investors studied by Insider Monkey, valued at an estimated $0.2 million in stock. Mike Vranos’ fund, Ellington, also sold off its stock, about $0.1 million worth.

Let’s go over hedge fund activity in other stocks similar to Dawson Geophysical Company (NASDAQ:DWSN). We will take a look at JTH Holding Inc (NASDAQ:TAX), GlycoMimetics Inc (NASDAQ:GLYC), Collectors Universe, Inc. (NASDAQ:CLCT), and IMPAC Mortgage Holdings, Inc (NYSEAMEX:IMH). This group of stocks’ market valuations match DWSN’s market valuation.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $18 million. That figure was $27 million in DWSN’s case. IMPAC Mortgage Holdings, Inc (NYSEAMEX:IMH) is the most popular stock in this table. On the other hand GlycoMimetics Inc (NASDAQ:GLYC) is the least popular one with only 4 bullish hedge fund positions. Dawson Geophysical Company (NASDAQ:DWSN) 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 IMH might be a better candidate to consider taking a long position in.

Disclosure: None