Since Vicor Corp (NASDAQ:VICR) has faced falling interest from the smart money, we can see that there is a sect of hedge funds that slashed their entire stakes last quarter. At the top of the heap, Mark Broach’s Manatuck Hill Partners dumped the biggest investment of the 700 funds tracked by Insider Monkey, comprising an estimated $0.9 million in stock. Peter Algert and Kevin Coldiron’s fund, Algert Coldiron Investors, also cut its stock, about $0.3 million worth.
Let’s now take a look at hedge fund activity in other stocks similar to Vicor Corp (NASDAQ:VICR). We will take a look at Village Super Market, Inc. (NASDAQ:VLGEA), Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH), NMI Holdings Inc (NASDAQ:NMIH), and Armada Hoffler Properties Inc (NYSE:AHH). This group of stocks’ market valuations are similar to VICR’s market valuation.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $69 million. That figure was $15 million in VICR’s case. NMI Holdings Inc (NASDAQ:NMIH) is the most popular stock in this table. On the other hand Village Super Market, Inc. (NASDAQ:VLGEA) is the least popular one with only 5 bullish hedge fund positions. Vicor Corp (NASDAQ:VICR) 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 NMIH might be a better candidate to consider taking a long position in.