Maiden Holdings, Ltd. (MHLD) Hedge Funds Are Snapping Up

As one would reasonably expect, key hedge funds were leading the bulls’ herd. Highbridge Capital Management, led by Glenn Russell Dubin, established the biggest position in Maiden Holdings, Ltd. (NASDAQ:MHLD). Highbridge Capital Management had $1.6 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $0.3 million position during the quarter. The other funds with new positions in the stock are Mike Vranos’ Ellington and Ken Griffin’s Citadel Investment Group.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Maiden Holdings, Ltd. (NASDAQ:MHLD) but similarly valued. These stocks are Zhaopin Ltd (ADR) (NYSE:ZPIN), Finish Line Inc (NASDAQ:FINL), Chesapeake Utilities Corporation (NYSE:CPK), and ScanSource, Inc. (NASDAQ:SCSC). This group of stocks’ market valuations are closest to MHLD’s market valuation.

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 $37 million. That figure was $42 million in MHLD’s case. Finish Line Inc (NASDAQ:FINL) is the most popular stock in this table. On the other hand Zhaopin Ltd (ADR) (NYSE:ZPIN) is the least popular one with only 4 bullish hedge fund positions. Maiden Holdings, Ltd. (NASDAQ:MHLD) 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 FINL might be a better candidate to consider taking a long position in.

Disclosure: None