What Smart Money Has to Say About Vocera Communications Inc (VCRA)

Now, key hedge funds were leading the bulls’ herd. Perceptive Advisors, led by Joseph Edelman, assembled the largest position in Vocera Communications Inc (NYSE:VCRA). Perceptive Advisors had $1.6 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.4 million position during the quarter. The only other fund with a new position in the stock was Mike Vranos’ Ellington.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Vocera Communications Inc (NYSE:VCRA) but similarly valued. We will take a look at FRP Holdings Inc (NASDAQ:FRPH), Kandi Technolgies Corp. (NASDAQ:KNDI), NQ Mobile Inc (ADR) (NYSE:NQ), and Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH). All of these stocks’ market caps are closest to VCRA’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FRPH 6 39702 1
KNDI 3 741 2
NQ 8 10417 1
SPWH 15 41332 2

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 $23 million. That figure was $57 million in VCRA’s case. Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) is the most popular stock in this table. On the other hand Kandi Technolgies Corp. (NASDAQ:KNDI) is the least popular one with only 3 bullish hedge fund positions. Vocera Communications Inc (NYSE:VCRA) is tied as the most popular stock in this group. This is a positive signal, as we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SPWH and VCRA are both good candidates to consider taking long positions in.

Disclosure: None