How ePlus Inc. (PLUS) Stacks Up Against Its Peers

We already know that not all hedge funds are bullish on the stock and some hedge funds actually dropped their positions entirely. Interestingly, Neil Chriss’ Hutchin Hill Capital dropped the largest investment of all the hedgies watched by Insider Monkey, comprising about $0.7 million in stock. Matthew Tewksbury’s fund, Stevens Capital Management, also said goodbye to its stock, about $0.3 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as ePlus Inc. (NASDAQ:PLUS) but similarly valued. We will take a look at Easterly Government Properties Inc (NYSE:DEA), Enviva Partners LP (NYSE:EVA), The Gorman-Rupp Company (NYSEAMEX:GRC), and Integer Holdings Corporation (NYSE:ITGR). All of these stocks’ market caps match PLUS’s market cap.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $41 million. That figure was $28 million in PLUS’s case. Integer Holdings Corporation (NYSE:ITGR) is the most popular stock in this table. On the other hand Enviva Partners LP (NYSE:EVA) is the least popular one with only 2 bullish hedge fund positions. ePlus Inc. (NASDAQ:PLUS) 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 ITGR might be a better candidate to consider taking a long position in.

Disclosure: None