Student Transportation Inc (STB) Hedge Funds Are Snapping Up

Now, key hedge funds were leading the bulls’ herd. Driehaus Capital initiated the largest position in Student Transportation Inc (NASDAQ:STB). According to regulatory filings, the fund had $0.6 million invested in the company at the end of the quarter. Skylands Capital also initiated a $0.3 million position during the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Student Transportation Inc (NASDAQ:STB) but similarly valued. These stocks are First Trust High Income Long/short Fund (NYSE:FSD), Rudolph Technologies Inc (NYSE:RTEC), Unitil Corporation (NYSE:UTL), and Dynagas LNG Partners LP (NYSE:DLNG). All of these stocks’ market caps are closest to STB’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FSD 3 50448 0
RTEC 20 86704 2
UTL 7 30057 -2
DLNG 4 4238 2

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 $43 million. That figure was $10 million in STB’s case. Rudolph Technologies Inc (NYSE:RTEC) is the most popular stock in this table. On the other hand First Trust High Income Long/short Fund (NYSE:FSD) is the least popular one with only 3 bullish hedge fund positions. Student Transportation Inc (NASDAQ:STB) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RTEC might be a better candidate to consider taking a long position in.

Disclosure: none.