INTL Fcstone Inc (INTL): Lagging Peers In This Important Metric

As industry-wide interest jumped, some big names were breaking ground themselves. John Overdeck and David Siegel’s Two Sigma Advisors assembled the largest position in INTL Fcstone Inc (NASDAQ:INTL). Two Sigma Advisors had $0.4 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $0.4 million position during the quarter. The only other fund with a brand new INTL position is Dmitry Balyasny’s Balyasny Asset Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as INTL Fcstone Inc (NASDAQ:INTL) but similarly valued. We will take a look at Oritani Financial Corp. (NASDAQ:ORIT), Instructure Inc (NYSE:INST), and Albany Molecular Research, Inc. (NASDAQ:AMRI). This group of stocks’ market caps match INTL’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $51 million. That figure was $92 million in INTL’s case. Oritani Financial Corp. (NASDAQ:ORIT) is the most popular stock in this table. On the other hand Instructure Inc (NYSE:INST) is the least popular one with only 9 bullish hedge fund positions. INTL Fcstone Inc (NASDAQ:INTL) 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 ORIT might be a better candidate to consider taking a long position in.

Disclosure: None