Is Yadkin Financial Corp (YDKN) A Good Stock To Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. Intriguingly, Robert I. Usdan and Wayne K. Goldstein’s Endicott Management got rid of the biggest investment of all the investors watched by Insider Monkey, worth about $50.6 million in stock. Emanuel J. Friedman’s fund, EJF Capital, also said goodbye to its stock, about $25.1 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to Yadkin Financial Corp (NYSE:YDKN). These stocks are Albany International Corp. (NYSE:AIN), KB Home (NYSE:KBH), Scholastic Corp (NASDAQ:SCHL), and Gannett Co., Inc. (NYSE:GCI). This group of stocks’ market caps resemble YDKN’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $99 million. That figure was $88 million in YDKN’s case. KB Home (NYSE:KBH) is the most popular stock in this table. On the other hand Albany International Corp. (NYSE:AIN) is the least popular one with only 11 bullish hedge fund positions. Yadkin Financial Corp (NYSE:YDKN) 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 KBH might be a better candidate to consider taking a long position in.

Disclosure: None