SavageTwits Tuesday, 12/17/19 01:00:07 PM Re: None Post # of 357 $RMTI Bullish https://finance.yahoo.com/news/safe-bulkers-inc-sb-good-184758594.html Let's also examine hedge fund activity in other stocks similar to Safe Bulkers, Inc. (NYSE:SB). We will take a look at Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), Rockwell Medical Inc (NASDAQ:RMTI), Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE), and AcelRx Pharmaceuticals Inc (NASDAQ:ACRX). This group of stocks' market caps resemble SB's market cap. View table here if you experience formatting issues. As you can see these stocks had an average of 4 hedge funds with bullish positions and the average amount invested in these stocks was $7 million. That figure was $11 million in SB's case. Rockwell Medical Inc (NASDAQ:RMTI) is the most popular stock in this table. On the other hand Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Safe Bulkers, Inc. (NYSE:SB) is more popular among hedge funds. Our calculations showed that top 20 most popular stocks among hedge funds returned 37.4% in 2019 through the end of November and outperformed the S&P 500 ETF (SPY) by 9.9 percentage points. Unfortunately SB wasn't nearly as popular as these 20 stocks and hedge funds that were betting on SB were disappointed as the stock returned 0% during the first two months of the fourth quarter and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as 70 percent of these stocks already outperformed the market in Q4. Disclosure: None. This article was originally published at Insider Monkey.