How Cogentix Medical Inc (CGNT) Ranks Amongst Its Peers

Page 2 of 2

Earlier we told you that the aggregate hedge fund interest in the stock was unchanged and we view this as a negative development. Even though there weren’t any hedge funds dumping their holdings during the third quarter, there weren’t any hedge funds initiating brand new positions either. This indicates that hedge funds, at the very best, perceive this stock as dead money and they haven’t identified any viable catalysts that can attract investor attention.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Cogentix Medical Inc (NASDAQ:CGNT) but similarly valued. These stocks are MoSys Inc. (NASDAQ:MOSY), CAS Medical Systems Inc (NASDAQ:CASM), Support.com, Inc. (NASDAQ:SPRT), and Pain Therapeutics, Inc. (NASDAQ:PTIE). This group of stocks’ market valuations are closest to CGNT’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MOSY 4 1174 0
CASM 3 6937 -1
SPRT 3 3612 0
PTIE 6 7939 -1

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 $5 million. That figure was $9 million in CGNT’s case. Pain Therapeutics, Inc. (NASDAQ:PTIE) is the most popular stock in this table. On the other hand CAS Medical Systems Inc (NASDAQ:CASM) is the least popular one with only 3 bullish hedge fund positions. Cogentix Medical Inc (NASDAQ:CGNT) is tied as the most popular stock among this group, and also has more money invested in it than any of the other 4. This is a positive signal, as we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CGNT might be a good candidate to consider taking a long position in.

Disclosure: None

Page 2 of 2