Is Sotherly Hotels Inc (SOHO) A Good Stock To Buy?

Now, key money managers were leading the bulls’ herd. Millennium Management assembled the most valuable position in Sotherly Hotels Inc (NASDAQ:SOHO). Millennium Management had $0.1 million invested in the company at the end of the quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Sotherly Hotels Inc (NASDAQ:SOHO) but similarly valued. We will take a look at Thompson Creek Metals Company Inc (USA) (NYSE:TC), Peak Resorts Inc (NYSE:SKIS), and General Finance Corporation (NASDAQ:GFN). This group of stocks’ market caps is closest to Sotherly Hotels Inc (NASDAQ:SOHO)’s market cap.

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 $6 million. That figure was $3 million in Sotherly Hotels Inc (NASDAQ:SOHO)’s case. Thompson Creek Metals Company Inc (USA) (NYSE:TC) is the most popular stock in this table. On the other hand, General Finance Corporation (NASDAQ:GFN) is the least popular one with only 4 bullish hedge fund positions. Sotherly Hotels Inc (NASDAQ:SOHO) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Thompson Creek Metals Company Inc (USA) (NYSE:TC) might be a better candidate to consider a long position.