As aggregate interest increased, key hedge funds have jumped into Waterstone Financial, Inc. (NASDAQ:WSBF) headfirst. Peter Rathjens,Bruce Clarke and John Campbell of Arrowstreet Capital created the biggest position in Waterstone Financial, Inc. (NASDAQ:WSBF). Arrowstreet Capital had $0.3 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $0.2 million position during the quarter. The only other fund with a brand new WSBF position is Chao Ku’s Nine Chapters Capital Management.
Let’s also examine hedge fund activity in other stocks similar to Waterstone Financial, Inc. (NASDAQ:WSBF). These stocks are Seres Therapeutics Inc (NASDAQ:MCRB), NN, Inc. (NASDAQ:NNBR), First Financial Corp (NASDAQ:THFF), and Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). This group of stocks’ market caps are similar to WSBF’s market cap.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $33 million. That figure was $85 million in WSBF’s case. Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) is the most popular stock in this table. On the other hand First Financial Corp (NASDAQ:THFF) is the least popular one with only 5 bullish hedge fund positions. Waterstone Financial, Inc. (NASDAQ:WSBF) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AOSL might be a better candidate to consider taking a long position in.