Is Carolina Bank Holding Inc. (NC) (CLBH) A Good Stock To Buy?

As industrywide interest jumped, specific money managers have jumped into Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) headfirst. Tudor Investment Corp initiated the biggest position in Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH). According to regulatory filings, the fund had $0.8 million invested in the company at the end of the quarter. Jim Simons’ Renaissance Technologies also initiated a $0.4 million position during the quarter.

Let’s also examine hedge fund activity in other stocks similar to Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH). These stocks are Aldeyra Therapeutics Inc (NASDAQ:ALDX), StarTek, Inc. (NYSE:SRT), Atlantic Coast Financial Corp (NASDAQ:ACFC), and NanoViricides Inc (NYSEMKT:NNVC). All of these stocks’ market caps are similar to CLBH’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ALDX 5 18996 -2
SRT 3 12699 -1
ACFC 3 8172 -1
NNVC 1 582 -1

As you can see these stocks had an average of 3 hedge funds with bullish positions and the average amount invested in these stocks was $10 million. That figure was $10 million in CLBH’s case. Aldeyra Therapeutics Inc (NASDAQ:ALDX) is the most popular stock in this table. On the other hand NanoViricides Inc (NYSEMKT:NNVC) is the least popular one with only 1 bullish hedge fund positions. Compared to these stocks Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.