As one would reasonably expect, key money managers have been driving this bullishness. Citadel Investment Group, led by Ken Griffin, created the most outsized position in Rand Logistics, Inc. (NASDAQ:RLOG). Citadel Investment Group had $0 million invested in the company at the end of the quarter.
Let’s also examine hedge fund activity in other stocks similar to Rand Logistics, Inc. (NASDAQ:RLOG). These stocks are Catalyst Biosciences Inc (NASDAQ:CBIO), Roka Bioscience Inc (NASDAQ:ROKA), GenVec, Inc. (NASDAQ:GNVC), and Erickson Air-Crane Inc (NASDAQ:EAC). This group of stocks’ market values are closest to RLOG’s market value.
| Ticker | No of HFs with positions | Total Value of HF Positions (x1000) | Change in HF Position |
|---|---|---|---|
| CBIO | 5 | 1405 | 1 |
| ROKA | 5 | 2769 | 0 |
| GNVC | 5 | 1555 | -1 |
| EAC | 3 | 228 | 1 |
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 $1 million. That figure was $1 million in RLOG’s case. Catalyst Biosciences Inc (NASDAQ:CBIO) is the most popular stock in this table. On the other hand Erickson Air-Crane Inc (NASDAQ:EAC) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Rand Logistics, Inc. (NASDAQ:RLOG) 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.
