Is Trinity Biotech plc (ADR) (TRIB) An Unheralded Micro-Cap Stock Worth Owning?

With general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. PDT Partners, managed by Peter Muller, initiated the largest position in Trinity Biotech plc (ADR) (NASDAQ:TRIB). PDT Partners had $0.3 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Trinity Biotech plc (ADR) (NASDAQ:TRIB) but similarly valued. These stocks are American Software, Inc. (NASDAQ:AMSWA), Blount International, Inc. (NYSE:BLT), Navios Maritime Holdings Inc. (NYSE:NM), and Panhandle Oil and Gas Inc. (NYSE:PHX). All of these stocks’ market caps resemble TRIB’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $43 million. That figure was $57 million in TRIB’s case. Blount International, Inc. (NYSE:BLT) is the most popular stock in this table. On the other hand American Software, Inc. (NASDAQ:AMSWA) is the least popular one with only 7 bullish hedge fund positions. Trinity Biotech plc (ADR) (NASDAQ:TRIB) is tied for the most popular stock in this group and has an above average amount of smart money’s capital invested in it. This is a positive signal, and makes this stock one worth investigating further and possible adding to one’s portfolio.