Is Hometrust Bancshares Inc (HTBI) A Good Stock To Buy?

It’s also worth mentioning that Ken Griffin’s Citadel Investment Group dropped the biggest position of the “upper crust” of funds monitored by Insider Monkey, valued at an estimated $1 million in stock, and John Overdeck and David Siegel’s Two Sigma Advisors was right behind this move, as the fund dumped about $0.6 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Hometrust Bancshares Inc (NASDAQ:HTBI) but similarly valued. These stocks are Kimball International Inc (NASDAQ:KBAL), Landauer, Inc. (NYSE:LDR), Spok Holdings Inc (NASDAQ:SPOK), and Jive Software Inc (NASDAQ:JIVE). This group of stocks’ market values match HTBI’s market value.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $37 million. That figure was $44 million in HTBI’s case. Jive Software Inc (NASDAQ:JIVE) is the most popular stock in this table. On the other hand Landauer, Inc. (NYSE:LDR) is the least popular one with only 7 bullish hedge fund positions. Hometrust Bancshares Inc (NASDAQ:HTBI) 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 JIVE might be a better candidate to consider a long position.