Is The Rubicon Project Inc (RUBI) A Good Stock To Buy?

As one would reasonably expect, key hedge funds were breaking ground themselves. Okumus Fund Management, managed by Ahmet Okumus, established the most outsized position in The Rubicon Project Inc (NYSE:RUBI). Phil Frohlich’s Prescott Group Capital Management also initiated a $4.1 million position during the quarter according to the fund’s latest 13F filing. The following funds were also among the new RUBI investors: Zeke Ashton’s Centaur Capital Partners, Jim Roumell’s Roumell Asset Management, and Neil Chriss’s Hutchin Hill Capital.

Let’s now take a look at hedge fund activity in other stocks similar to The Rubicon Project Inc (NYSE:RUBI). These stocks are Coherus Biosciences Inc (NASDAQ:CHRS), Pacific Premier Bancorp, Inc. (NASDAQ:PPBI), Lydall, Inc. (NYSE:LDL), and Veeco Instruments Inc. (NASDAQ:VECO). This group of stocks’ market values resemble RUBI’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CHRS 19 120944 5
PPBI 10 28960 -3
LDL 12 67062 -1
VECO 11 133447 1

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $88 million. That figure was $59 million in RUBI’s case. Coherus Biosciences Inc (NASDAQ:CHRS) is the most popular stock in this table. On the other hand Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks The Rubicon Project Inc (NYSE:RUBI) 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.