Is Repligen Corporation (RGEN) a Good Stock to Buy?

On the other hand some investors decided to close their entire stakes in Repligen Corporation between July and September. Paul Tudor Jones’ Tudor Investment Corp dumped the largest position of all the hedgies monitored by Insider Monkey, valued at an estimated $0.4 million in stock. Matthew Hulsizer’s fund, PEAK6 Capital Management, also dropped its call options, valued at about $0.3 million.

Let’s also examine hedge fund activity in other stocks similar to Repligen Corporation (NASDAQ:RGEN). We will take a look at Royce Value Trust Inc (NYSE:RVT), Safety Insurance Group, Inc. (NASDAQ:SAFT), Ixia (NASDAQ:XXIA), and The Ensign Group, Inc. (NASDAQ:ENSG). This group of stocks’ market values are similar to RGEN’s market value.

As you can see these stocks had an average of 11 funds with bullish positions and the average amount invested in these stocks was $38 million, compared to $64 million in RGEN’s case. Ixia (NASDAQ:XXIA) is the most popular stock in this table. On the other hand Royce Value Trust Inc (NYSE:RVT) is the least popular one with only five funds having reported long positions. Repligen Corporation (NASDAQ:RGEN) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Ixia (NASDAQ:XXIA) might be a better candidate to consider taking a long position in.

Disclosure: none