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Is Perry Ellis International, Inc. (PERY) A Good Stock To Buy?

Seeing as Perry Ellis International, Inc. (NASDAQ:PERY) has weathered staid sentiment from the entirety of the hedge funds we track, it’s safe to say that there is a sect of funds that slashed their entire stakes in the third quarter. Intriguingly, Ken Grossman and Glen Schneider’s SG Capital Management said goodbye to the largest position of the 700 funds studied by Insider Monkey, comprising close to $2 million in stock, and Mark N. Diker’s Diker Management was right behind this move, as the fund dropped about $0.4 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to Perry Ellis International, Inc. (NASDAQ:PERY). These stocks are AR Capital Acquisition Corp (NASDAQ:AUMA), Addus Homecare Corporation (NASDAQ:ADUS), TICC Capital Corp. (NASDAQ:TICC), and Amira Nature Foods Ltd (NYSE:ANFI). This group of stocks’ market values are similar to PERY’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AUMA 11 117855 0
ADUS 5 7820 -1
TICC 5 5782 -3
ANFI 3 582 1

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $33 million. That figure was $20 million in PERY’s case. AR Capital Acquisition Corp (NASDAQ:AUMA) is the most popular stock in this table. On the other hand Amira Nature Foods Ltd (NYSE:ANFI) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Perry Ellis International, Inc. (NASDAQ:PERY) 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.