What Do Hedge Funds Think of Blount International, Inc. (BLT)?

Seeing as Blount International, Inc. (NYSE:BLT) has faced declining sentiment from the entirety of the hedge funds we track, we can see that there were a few hedgies that decided to sell off their positions entirely last quarter. Interestingly, Marc Majzner’s Clearline Capital said goodbye to the largest stake of the “upper crust” of funds monitored by Insider Monkey, worth close to $4.7 million in stock, and Robert B. Gillam’s McKinley Capital Management was right behind this move, as the fund dropped about $3 million worth. These bearish behaviors are important to note, as total hedge fund interest dropped by 4 funds last quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Blount International, Inc. (NYSE:BLT). We will take a look at Navios Maritime Holdings Inc. (NYSE:NM), Panhandle Oil and Gas Inc. (NYSE:PHX), ChemoCentryx Inc (NASDAQ:CCXI), and Atlas Resource Partners, L.P. (NYSE:ARP). This group of stocks’ market valuations match BLT’s market valuation.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $32 million. That figure was $114 million in BLT’s case. ChemoCentryx Inc (NASDAQ:CCXI) is the most popular stock in this table. On the other hand Atlas Resource Partners, L.P. (NYSE:ARP) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Blount International, Inc. (NYSE:BLT) 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.