How Health Insurance Innovations Inc (HIIQ) Stacks Up Against Its Peers

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Is Health Insurance Innovations Inc (NASDAQ:HIIQ) the right pick for your portfolio? Prominent investors are unambiguously in an optimistic mood. The number of bullish hedge fund positions grew by 1 recently. HIIQ was in 6 hedge funds’ portfolios at the end of September. There were 5 hedge funds in our database with HIIQ positions at the end of June. At the end of this article we will also compare HIIQ to other stocks including Infinity Pharmaceuticals Inc. (NASDAQ:INFI), SAExploration Holdings, Inc. (NASDAQ:SAEX), and Sunshine Bancorp Inc (NASDAQ:SBCP) to get a better sense of its popularity.

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What have hedge funds been doing with Health Insurance Innovations Inc (NASDAQ:HIIQ)?

At the end of the third quarter, a total of 6 of the hedge funds tracked by Insider Monkey were long this stock, a gain of 20% from the second quarter of 2016. Of the funds tracked by Insider Monkey, J. Carlo Cannell’s Cannell Capital has the number one position in Health Insurance Innovations Inc (NASDAQ:HIIQ), worth close to $6.2 million, corresponding to 2.5% of its total 13F portfolio. Coming in second is Joe Huber of Huber Capital Management, with a $3.8 million position. Some other members of the smart money that hold long positions include Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital, Millennium Management, one of the largest hedge funds in the world,  and Peter Muller’s PDT Partners. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds, which is based on the performance of their 13F long positions in non-micro-cap stocks.

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