While a quality holding for existing shareholders, new investors may be better off waiting for fresh figures from their Q3 earnings release. Read more here.
Were Hedge Funds Right About Retail Opportunity Investments Corp (ROIC)?
In this article we will take a look at whether hedge funds think Retail Opportunity Investments Corp (NASDAQ:ROIC) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Retail Opportunity Investments Corp (NASDAQ:ROIC) shareholders have witnessed an increase in hedge fund interest in recent months. Retail Opportunity Investments Corp (NASDAQ:ROIC) was in 18 hedge funds’ portfolios at the end of March. The all time high for this statistic is 21. There were 17 hedge funds in our database with ROIC holdings at the end of December. O