Nautilus, Inc. (NLS): Hedge Funds Are Snapping Up

As industrywide interest jumped, key hedge funds were breaking ground themselves. Fisher Asset Management, managed by Ken Fisher, established the largest position in Nautilus, Inc. (NYSE:NLS). The fund reportedly had $2.2 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also made a $0.6 million investment in the stock during the quarter. The other funds with new positions in the stock are Mark N. Diker’s Diker Management, Charles Paquelet’s Skylands Capital, and Thomas Bailard’s Bailard Inc.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Nautilus, Inc. (NYSE:NLS) but similarly valued. These stocks are China Yuchai International Limited (NYSE:CYD), Clayton Williams Energy, Inc. (NASDAQ:CWEI), Dynagas LNG Partners LP (NYSE:DLNG), and AeroVironment, Inc. (NASDAQ:AVAV). All of these stocks’ market caps resemble NLS’s market cap.

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 $51 million. Clayton Williams Energy, Inc. (NASDAQ:CWEI) is the most popular stock in this table. On the other hand Dynagas LNG Partners LP (NYSE:DLNG) is the least popular one with only 5 bullish hedge fund positions. Nautilus, Inc. (NYSE:NLS) is clearly more popular, having attracted the attention of 27 hedge funds and investments totalling $75 million at the end of the quarter. 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.