Is Quantum Corp (QTM) Worthy of Your Portfolio?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cut their positions entirely. It’s worth mentioning that Benjamin A. Smith’s Laurion Capital Management cut the biggest investment of all the investors studied by Insider Monkey, valued at close to $0.3 million in stock. Ben Levine, Andrew Manuel and Stefan Renold’s fund, LMR Partners, also said goodbye to its stock, about $0.1 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Quantum Corp (NYSE:QTM) but similarly valued. We will take a look at SeaChange International (NASDAQ:SEAC), Advent/Claymore Enhanced Growth & Income (NYSE:LCM), GSV Capital Corp (NASDAQ:GSVC), and ProQR Therapeutics NV (NASDAQ:PRQR). This group of stocks’ market valuations are similar to QTM’s market valuation.

As you can see these stocks had an average of seven funds with bullish positions and the average amount invested in these stocks was $21 million. That figure was $43 million in QTM’s case. SeaChange International (NASDAQ:SEAC) is the most popular stock in this table. On the other hand GSV Capital Corp (NASDAQ:GSVC) is the least popular one with only five bullish hedge fund positions. Compared to these stocks Quantum Corp (NYSE:QTM) 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