Is VASCO Data Security International, Inc. (VDSI) Going to Burn These Hedge Funds?

Seeing as VASCO Data Security International, Inc. (NASDAQ:VDSI) has experienced falling interest from hedge fund managers, logic holds that there was a specific group of hedgies who were dropping their full holdings in the third quarter. At the top of the heap, Robert B. Gillam’s McKinley Capital Management cut the largest position of the 700 funds followed by Insider Monkey, totaling an estimated $4.7 million in stock. Louis Navellier’s fund, Navellier & Associates, also sold off its stock, about $2.6 million worth fo shares. These transactions are intriguing to say the least, as total hedge fund interest fell by 5 funds in the third quarter.

Let’s go over hedge fund activity in other stocks similar to VASCO Data Security International, Inc. (NASDAQ:VDSI). We will take a look at Encore Wire Corporation (NASDAQ:WIRE), Enanta Pharmaceuticals Inc (NASDAQ:ENTA), Container Store Group Inc (NYSE:TCS), and Usa Compression Partners LP (NYSE:USAC). This group of stocks’ market caps resembles VASCO Data Security International, Inc. (NASDAQ:VDSI)’s market cap.

As you can see, these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $110 million in VASCO Data Security International, Inc. (NASDAQ:VDSI)’s case. Encore Wire Corporation (NASDAQ:WIRE) is the most popular stock in this table. On the other hand, Usa Compression Partners LP (NYSE:USAC) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks, VASCO Data Security International, Inc. (NASDAQ:VDSI) 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.