How Regulus Therapeutics Inc (RGLS) Stacks Up Against Its Peers

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Now, specific money managers have jumped into Regulus Therapeutics Inc (NASDAQ:RGLS) headfirst. Renaissance Technologies, led by Jim Simons, initiated the largest position in Regulus Therapeutics Inc (NASDAQ:RGLS). Highbridge Capital Management also initiated a $0.3 million position during the quarter. The other funds with brand new RGLS positions were David E. Shaw’s D E Shaw and Israel Englander’s Millennium Management.

Let’s now review hedge fund activity in other stocks similar to Regulus Therapeutics Inc (NASDAQ:RGLS). These stocks are Northern Oil & Gas, Inc. (NYSEAMEX:NOG), JAKKS Pacific, Inc. (NASDAQ:JAKK), VirnetX Holding Corporation (NYSEAMEX:VHC), and Townsquare Media Inc (NYSE:TSQ). This group of stocks’ market caps are closest to RGLS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NOG 14 24736 -2
JAKK 12 33801 1
VHC 4 714 -1
TSQ 10 41007 0

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $25 million. That figure was $8 million in RGLS’s case. Northern Oil & Gas, Inc. (NYSEAMEX:NOG) is the most popular stock in this table. On the other hand VirnetX Holding Corporation (NYSEAMEX:VHC) is the least popular one with only 4 bullish hedge fund positions. Regulus Therapeutics Inc (NASDAQ:RGLS) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NOG might be a better candidate to consider taking a long position in.

Disclosure: None

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