How Guidance Software, Inc. (GUID) Stacks Up Against Its Peers

Seeing as Guidance Software, Inc. (NASDAQ:GUID) has experienced declining sentiment from the aggregate hedge fund industry, we can see that there lies a certain “tier” of hedge funds that decided to sell off their entire stakes last quarter. At the top of the heap, George McCabe’s Portolan Capital Management cashed in the largest position of all the investors tracked by Insider Monkey, valued at close to $1.2 million in stock, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors was right behind this move, as the fund cut about $0.2 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Guidance Software, Inc. (NASDAQ:GUID) but similarly valued. These stocks are DURECT Corporation (NASDAQ:DRRX), Hallmark Financial Services, Inc. (NASDAQ:HALL), Deutsche Multi-Market Income Trust (NYSE:KMM), and Oppenheimer Holdings Inc. (USA) (NYSE:OPY). This group of stocks’ market values resemble GUID’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DRRX 6 19011 -4
HALL 4 25138 1
KMM 4 18698 4
OPY 6 12530 0

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $19 million. That figure was $38 million in GUID’s case. DURECT Corporation (NASDAQ:DRRX) is the most popular stock in this table. On the other hand Hallmark Financial Services, Inc. (NASDAQ:HALL) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Guidance Software, Inc. (NASDAQ:GUID) 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.

Disclosure: None