Is CDI Corp. (CDI) A Good Stock To Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cut their entire stakes in the stock during the third quarter. Intriguingly, David Brown’s Hawk Ridge Management cut the largest investment of all the hedgies studied by Insider Monkey, valued at about $0.9 million in stock. Benjamin A. Smith’s fund, Laurion Capital Management, also dropped its stock, about $0.3 million worth of CDI shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as CDI Corp. (NYSE:CDI) but similarly valued. We will take a look at Sequans Communications SA ADR (NYSE:SQNS), GSV Capital Corp (NASDAQ:GSVC), Edgewater Technology Inc. (NASDAQ:EDGW), and Trans World Entertainment Corporation (NASDAQ:TWMC). All of these stocks’ market caps match CDI’s market cap.

As you can see these stocks had an average of 4 hedge funds with bullish positions and the average amount invested in these stocks was $13 million. That figure was $6 million in CDI’s case. Sequans Communications SA ADR (NYSE:SQNS) is the most popular stock in this table. On the other hand Trans World Entertainment Corporation (NASDAQ:TWMC) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks CDI Corp. (NYSE:CDI) 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