Is Kimball International Inc (KBAL) A Good Stock to Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. It’s worth mentioning that Israel Englander’s Millennium Management cashed in the biggest position of all the hedgies watched by Insider Monkey, valued at about $0.7 million in stock. Cliff Asness’ fund, AQR Capital Management, also dumped its stock, about $0.1 million worth.

Let’s check out hedge fund activity in other stocks similar to Kimball International Inc (NASDAQ:KBAL). We will take a look at LivePerson, Inc. (NASDAQ:LPSN), Sunedison Semiconductor Ltd (NASDAQ:SEMI), MYR Group Inc (NASDAQ:MYRG), and El Pollo LoCo Holdings Inc (NASDAQ:LOCO). All of these stocks’ market caps match KBAL’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $70 million. That figure was $45 million in KBAL’s case. Sunedison Semiconductor Ltd (NASDAQ:SEMI) is the most popular stock in this table. On the other hand El Pollo LoCo Holdings Inc (NASDAQ:LOCO) is the least popular one with only 8 bullish hedge fund positions. Kimball International Inc (NASDAQ:KBAL) 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 SEMI might be a better candidate to consider taking a long position in.

Disclosure: None