What Do Hedge Funds Think of US Ecology Inc. (ECOL)?

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We will take a look at Callidus Software Inc. (NASDAQ:CALD), Cabot Microelectronics Corporation (NASDAQ:CCMP), Fifth Street Finance Corp. (NASDAQ:FSC), and Amerisafe, Inc. (NASDAQ:AMSF). This group of stocks’ market caps resemble ECOL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CALD 19 153048 0
CCMP 18 101790 0
FSC 10 25541 -1
AMSF 11 18543 1

As you can see these stocks had an average of 14.5 hedge funds with bullish positions and the average amount invested in these stocks was $75 million. That figure was $115 million in ECOL’s case. Callidus Software Inc. (NASDAQ:CALD) is the most popular stock in this table. On the other hand Fifth Street Finance Corp. (NASDAQ:FSC) is the least popular one with only 10 bullish hedge fund positions. US Ecology Inc. (NASDAQ:ECOL) 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 CALD might be a better candidate to consider a long position.

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