Is Meta Financial Group Inc. (CASH) a Good Stock To Buy?

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Is Meta Financial Group Inc. (NASDAQ:CASH) the right investment to pursue these days? Prominent investors seem to be getting more optimistic, as the number of long hedge fund positions inched up by one during the third quarter. In this way, 15 funds from the Insider Monkey database held shares of Meta Financial Group at the end of September. At the end of this article we will also compare CASH to other stocks including Flamel Technologies S.A. (ADR) (NASDAQ:FLML), Ladenburg Thalmann Financial Services (NYSEMKT:LTS), and Camden National Corporation (NASDAQ:CAC) to get a better sense of its popularity.

Follow Meta Financial Group Inc (NASDAQ:CASH)

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How have hedgies been trading Meta Financial Group Inc. (NASDAQ:CASH)?

At the end of the third quarter, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, up by 7% over the quarter. On the other hand, there were a total of 11 hedge funds with a bullish position in CASH at the beginning of 2016. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.


When looking at the institutional investors followed by Insider Monkey, Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management holds the most valuable position in Meta Financial Group Inc. (NASDAQ:CASH). which  was worth $25.8 million at the end of September. On Nantahala Capital Management’s heels is Emanuel J. Friedman’s EJF Capital, with a $24.5 million position. Other hedge funds and institutional investors that are bullish consist of Tom Brown’s Second Curve Capital, Jim Simons’ Renaissance Technologies and Ken Grossman and Glen Schneider’s SG Capital Management. We should note that two of these hedge funds (Nantahala Capital Management and SG Capital Management) are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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