Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Actinium Pharmaceuticals Inc (ATNM) A Good Stock To Buy?

With a general bullishness amongst the heavyweights, some big names have jumped into Actinium Pharmaceuticals Inc (NYSEMKT:ATNM) headfirst. Sabby Capital established the most valuable position in Actinium Pharmaceuticals Inc (NYSEMKT:ATNM). Sabby Capital had $0.1 million invested in the company at the end of the quarter. Balyasny Asset Management also made a $20,000 investment in the stock during the quarter. The only other fund with a new position in the stock is Ken Griffin’s Citadel Investment Group.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Actinium Pharmaceuticals Inc (NYSEMKT:ATNM) but similarly valued. These stocks are Javelin Mortgage Investment Corp (NYSE:JMI), MeetMe Inc (NASDAQ:MEET), Hansen Medical, Inc. (NASDAQ:HNSN), and Perceptron, Inc. (NASDAQ:PRCP). All of these stocks’ market caps are similar to Actinium Pharmaceuticals Inc (NYSEMKT:ATNM)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
JMI 6 4320 0
MEET 4 10132 -3
HNSN 4 15439 1
PRCP 6 24255 -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 $14 million. That figure was $1 million in Actinium Pharmaceuticals Inc (NYSEMKT:ATNM)’s case. Javelin Mortgage Investment Corp (NYSE:JMI) is the most popular stock in this table. On the other hand, MeetMe Inc (NASDAQ:MEET) is the least popular one with only 4 bullish hedge fund positions. Actinium Pharmaceuticals Inc (NYSEMKT:ATNM) 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, Javelin Mortgage Investment Corp (NYSE:JMI) might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.