Is Urstadt Biddle Properties Inc (UBA) Going to Burn These Hedge Funds?

Consequently, specific money managers were breaking ground themselves. Forward Management, led by J. Alan Reid, Jr., initiated the biggest position in Urstadt Biddle Properties Inc (NYSE:UBA). Forward Management had $4.4 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also initiated a $3 million position during the quarter. The following funds were also among the new UBA investors: Ken Griffin’s Citadel Investment Group and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Urstadt Biddle Properties Inc (NYSE:UBA) but similarly valued. These stocks are Banc of California Inc (NYSE:BANC), Ethan Allen Interiors Inc. (NYSE:ETH), Teekay Offshore Partners L.P. (NYSE:TOO), and Sun Hydraulics Corporation (NASDAQ:SNHY). All of these stocks’ market caps are similar to UBA’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $98 million. That figure was $24 million in UBA’s case. Banc of California Inc (NYSE:BANC) is the most popular stock in this table. On the other hand Sun Hydraulics Corporation (NASDAQ:SNHY) is the least popular one with only 5 bullish hedge fund positions. Urstadt Biddle Properties Inc (NYSE:UBA) 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 BANC might be a better candidate to consider taking a long position in.

Disclosure: None