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Should You Invest in NorthStar Asset Management Group Inc (NSAM)?

Since NorthStar Asset Management Group Inc (NYSE:NSAM) has experienced declining sentiment from the entirety of the hedge funds we track, it’s safe to say that there was a specific group of hedgies that elected to cut their entire stakes during the third quarter. It’s worth mentioning that Phill Gross and Robert Atchinson’s Adage Capital Management dropped the biggest stake of all the hedgies followed by Insider Monkey, comprising about $63.1 million in stock. Michael Reeber’s fund, Andalusian Capital Partners, also dropped its stock, about $4.3 million worth.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as NorthStar Asset Management Group Inc (NYSE:NSAM) but similarly valued. We will take a look at Synaptics, Incorporated (NASDAQ:SYNA), Minerals Technologies Inc (NYSE:MTX), Sanmina Corp (NASDAQ:SANM), and On Assignment, Inc. (NYSE:ASGN). This group of stocks’ market values are similar to NSAM’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SYNA 21 206919 -3
MTX 17 166520 1
SANM 20 102567 -1
ASGN 18 140014 0

As you can see these stocks had an average of 19 investors holding long positions and the average amount invested in these stocks was $154 million. That figure was $1.04 billion in NSAM’s case. Synaptics, Incorporated (NASDAQ:SYNA) is the most popular stock in this table, while Minerals Technologies Inc (NYSE:MTX) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks NorthStar Asset Management Group Inc (NYSE:NSAM) 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.

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