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Is Dillard’s, Inc. (DDS) A Good Stock To Buy?

Billionaire hedge fund managers such as Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the big players within the hedge fund industry can easily identify the undervalued and high-potential stocks that reside the ignored corners of equity markets. There are numerous small-cap stocks that have turned out to be great winners, which is one of the main reasons the Insider Monkey team pays close attention to the hedge fund activity in relation to these stocks.

Is Dillard’s, Inc. (NYSE:DDS) a healthy stock for your portfolio? Prominent investors are taking a bullish view. The number of bullish hedge fund positions rose by 2 in recent months. At the end of this article we will also compare DDS to other stocks including Kirby Corporation (NYSE:KEX), Atmel Corporation (NASDAQ:ATML), and Sovran Self Storage Inc (NYSE:SSS) to get a better sense of its popularity.

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With all of this in mind, let’s check out the fresh action encompassing Dillard’s, Inc. (NYSE:DDS).

What have hedge funds been doing with Dillard’s, Inc. (NYSE:DDS)?

At Q3’s end, a total of 29 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 7% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, David Einhorn’s Greenlight Capital has the largest position in Dillard’s, Inc. (NYSE:DDS), worth close to $108.5 million, comprising 1.8% of its total 13F portfolio. Coming in second is Cliff Asness of AQR Capital Management, with an $56.9 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other professional money managers that are bullish consist of Chuck Royce’s Royce & Associates, Jim Simons’s Renaissance Technologies and Clint Murray’s Lodge Hill Capital.

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