How Recent IPO Global Medical REIT Inc (GMRE) Stacks Up Against Its Peers

Since Global Medical REIT Inc (NYSE:GMRE) has witnessed falling interest from the aggregate hedge fund industry, it’s safe to say that there was a specific group of money managers that slashed their full holdings by the end of the third quarter. Interestingly, Michael Thompson’s BHR Capital cashed in the largest stake of the 700 funds followed by Insider Monkey, comprising close to $1 million in stock, and Noam Gottesman’s GLG Partners was right behind this move, as the fund dumped about $0.9 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Global Medical REIT Inc (NYSE:GMRE) but similarly valued. We will take a look at TriplePoint Venture Growth BDC Corp (NYSE:TPVG), Consolidated Water Co. Ltd. (NASDAQ:CWCO), KCAP Financial Inc (NASDAQ:KCAP), and Osiris Therapeutics, Inc. (NASDAQ:OSIR). This group of stocks’ market valuations resemble GMRE’s market valuation.

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 $5 million. That figure was $10 million in GMRE’s case. Osiris Therapeutics, Inc. (NASDAQ:OSIR) is the most popular stock in this table. On the other hand Consolidated Water Co. Ltd. (NASDAQ:CWCO) is the least popular one with only 3 bullish hedge fund positions. Global Medical REIT Inc (NYSE:GMRE) 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 OSIR might be a better candidate to consider taking a long position in.

Disclosure: None