Tuesday, December 17, 2019 1:00:07 PM
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.
Recent RMTI News
- Rockwell Medical Named a Fortune 'Best Workplaces in Manufacturing & Production' • Business Wire • 09/18/2024 08:30:00 PM
- Rockwell Medical Named a Fortune 'Best Workplaces in Manufacturing & Production' • Business Wire • 09/18/2024 10:00:00 AM
- Rockwell Medical Announces Product Purchase Agreement with Leading At-Home and Acute Care Dialysis Provider • Business Wire • 09/09/2024 10:00:00 AM
- Rockwell Medical Enters into Multi-Million Dollar Distribution Agreement with Nipro Medical Corporation • Business Wire • 09/03/2024 10:00:00 AM
- Form SCHEDULE 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 08/20/2024 06:22:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:51:17 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 11:00:57 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 10:14:18 AM
- Rockwell Medical Reports Profitability on a Cash Flow and Adjusted EBITDA Basis in the Second Quarter of 2024 • Business Wire • 08/08/2024 10:00:00 AM
- Rockwell Medical Launches Convenience Pack to Support Home Hemodialysis and Acute Dialysis Facilities • Business Wire • 08/07/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 10:50:39 AM
- Rockwell Medical to Present at the H.C. Wainwright 3rd Annual Kidney Virtual Conference • Business Wire • 07/15/2024 10:45:00 AM
- Rockwell Medical to Release Second Quarter 2024 Results on Thursday, August 8, 2024 • Business Wire • 07/11/2024 10:00:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 11:51:54 PM
- Rockwell Medical Promotes Tim Chole to Chief Commercial Officer • Business Wire • 05/30/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:10:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:07:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:06:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:05:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:02:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 09:12:01 PM
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