Consequently, some big names have jumped into Nivalis Therapeutics Inc (NASDAQ:NVLS) headfirst. OrbiMed Advisors, led by Samuel Isaly, created the most outsized position in Nivalis Therapeutics Inc (NASDAQ:NVLS). OrbiMed Advisors had $0.5 million invested in the company at the end of the quarter. Philip Hempleman’s Ardsley Partners also initiated a $0.1 million position during the quarter.
Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Nivalis Therapeutics Inc (NASDAQ:NVLS) but similarly valued. These stocks are Xerium Technologies, Inc. (NYSE:XRM), Corium International Inc (NASDAQ:CORI), Delta Apparel, Inc. (NYSEAMEX:DLA), and ArQule, Inc. (NASDAQ:ARQL). This group of stocks’ market values are similar to NVLS’s market value.
|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 6 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $63 million in NVLS’s case. Xerium Technologies, Inc. (NYSE:XRM) is the most popular stock in this table. On the other hand Delta Apparel, Inc. (NYSEAMEX:DLA) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Nivalis Therapeutics Inc (NASDAQ:NVLS) is more popular among hedge funds. 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.