Is Innophos Holdings, Inc. (IPHS) A Good Stock To Buy?

Now, specific money managers were leading the bulls’ herd. Adage Capital Management, led by Phill Gross and Robert Atchinson, created the biggest position in Innophos Holdings, Inc. (NASDAQ:IPHS). According to its latest 13F filing, the fund had $1.3 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $1.1 million investment in the stock during the quarter. The following funds were also among the new IPHS investors: Matthew Tewksbury’s Stevens Capital Management, David Costen Haley’s HBK Investments, and Robert B. Gillam’s McKinley Capital Management.

Let’s check out hedge fund activity in other stocks similar to Innophos Holdings, Inc. (NASDAQ:IPHS). We will take a look at McGrath RentCorp (NASDAQ:MGRC), Alamo Group, Inc. (NYSE:ALG), Bob Evans Farms Inc (NASDAQ:BOBE), and Virtus Investment Partners Inc (NASDAQ:VRTS). All of these stocks’ market caps resemble IPHS’s market cap.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $100 million. That figure was $56 million in IPHS’s case. Bob Evans Farms Inc (NASDAQ:BOBE) is the most popular stock in this table. On the other hand Alamo Group, Inc. (NYSE:ALG) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Innophos Holdings, Inc. (NASDAQ:IPHS) 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.