Now, specific money managers were breaking ground themselves. Pura Vida Investments, managed by Efrem Kamen, initiated the most valuable position in Orthofix International NV (NASDAQ:OFIX). According to its latest 13F filing, the fund had $3 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $0.7 million position during the quarter. The following funds were also among the new OFIX investors: Joshua Packwood and Schuster Tanger’s Radix Partners and George Hall’s Clinton Group.
Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Orthofix International NV (NASDAQ:OFIX) but similarly valued. These stocks are American Railcar Industries, Inc. (NASDAQ:ARII), Encore Wire Corporation (NASDAQ:WIRE), Brooks Automation, Inc. (USA) (NASDAQ:BRKS), and Anika Therapeutics, Inc. (NASDAQ:ANIK). All of these stocks’ market caps resemble OFIX’s market cap.
|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 14 hedge funds with bullish positions and the average amount invested in these stocks was $170 million. That figure was $231 million in OFIX’s case. Anika Therapeutics, Inc. (NASDAQ:ANIK) is the most popular stock in this table. On the other hand Brooks Automation, Inc. (USA) (NASDAQ:BRKS) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Orthofix International NV (NASDAQ:OFIX) 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.