Malibu Boats Inc (MBUU): Are Hedge Funds Right About This Stock?

Now, specific money managers were leading the bulls’ herd. Algert Coldiron Investors, led by Peter Algert and Kevin Coldiron, created the largest position in Malibu Boats Inc (NASDAQ:MBUU). Algert Coldiron Investors had $0.6 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $0.5 million investment in the stock during the quarter. The following funds were also among the new MBUU investors: Neil Chriss’ Hutchin Hill Capital, Ken Griffin’s Citadel Investment Group, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Malibu Boats Inc (NASDAQ:MBUU) but similarly valued. These stocks are Nutraceutical Int’l Corp. (NASDAQ:NUTR), Spartan Motors Inc (NASDAQ:SPAR), Capital Southwest Corporation (NASDAQ:CSWC), and CNX Coal Resources LP (NYSE:CNXC). This group of stocks’ market valuations match MBUU’s market valuation.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $16 million in MBUU’s case. Spartan Motors Inc (NASDAQ:SPAR) is the most popular stock in this table. On the other hand Nutraceutical Int’l Corp. (NASDAQ:NUTR) is the least popular one with only 4 bullish hedge fund positions. Malibu Boats Inc (NASDAQ:MBUU) 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 SPAR might be a better candidate to consider taking a long position in.

Disclosure: None