Published on 19 Jan 2021 on Insider Monkey via Yahoo Finance

Do Hedge Funds Love Tricida, Inc. (TCDA)?

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an individual investor’s stock selection process, as it may offer great insights of how the brightest minds of the finance industry feel about specific stocks. After all, these people have access to smartest analysts and expensive data/information sources that individual investors can't match. So should one consider investing in Tricida, Inc. (NASDAQ:TCDA)? The smart money sentiment can provide an answer to this question.

Tricida, Inc. (NASDAQ:TCDA) has seen an increase in enthusiasm from smart money recently. Tricida, Inc. (NASDAQ:TCDA) was in 20 hedge funds' portfolios at the end of March. The all time high for this statistic is 24. Our calculations also showed that TCDA isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Today there are plenty of tools market participants can use to appraise their stock investments. A couple of the most under-the-radar tools are hedge fund and insider trading sentiment. Our experts have shown that, historically, those who follow the top picks of the best money managers can outpace the S&P 500 by a superb amount (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .