Aegean Marine Petroleum Network Inc. (ANW): One Metric To Keep An Eye On

Page 1 of 2

Aegean Marine Petroleum Network Inc. (NYSE:ANW)Is Aegean Marine Petroleum Network Inc. (NYSE:ANW) a healthy stock for your portfolio? Hedge funds are betting on the stock. The number of bullish hedge fund positions advanced by 1 in recent months.

According to most investors, hedge funds are perceived as slow, outdated financial tools of the past. While there are more than 8000 funds in operation at present, we at Insider Monkey hone in on the top tier of this club, about 450 funds. It is estimated that this group oversees the lion’s share of the hedge fund industry’s total capital, and by keeping an eye on their highest performing picks, we have spotted a few investment strategies that have historically beaten the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 24 percentage points in 7 months (explore the details and some picks here).

Equally as integral, optimistic insider trading sentiment is a second way to parse down the marketplace. Obviously, there are many motivations for an executive to sell shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Several empirical studies have demonstrated the valuable potential of this strategy if piggybackers understand where to look (learn more here).

Now, we’re going to take a look at the recent action encompassing Aegean Marine Petroleum Network Inc. (NYSE:ANW).

How are hedge funds trading Aegean Marine Petroleum Network Inc. (NYSE:ANW)?

Heading into 2013, a total of 9 of the hedge funds we track were bullish in this stock, a change of 13% from the third quarter. With hedge funds’ capital changing hands, there exists a select group of key hedge fund managers who were increasing their holdings considerably.

According to our comprehensive database, Andy Redleaf’s Whitebox Advisors had the largest position in Aegean Marine Petroleum Network Inc. (NYSE:ANW), worth close to $3.3 million, accounting for 0.2% of its total 13F portfolio. On Whitebox Advisors’s heels is Israel Englander of Millennium Management, with a $0.9 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers with similar optimism include Ken Brodkowitz and Mike Vermut’s Newland Capital, Ken Griffin’s Citadel Investment Group and Ken Gray and Steve Walsh’s Bryn Mawr Capital.

As industrywide interest jumped, specific money managers were leading the bulls’ herd. Newland Capital, managed by Ken Brodkowitz and Mike Vermut, assembled the most outsized position in Aegean Marine Petroleum Network Inc. (NYSE:ANW). Newland Capital had 0.5 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $0.4 million position during the quarter. The only other fund with a new position in the stock is Mike Vranos’s Ellington.

What do corporate executives and insiders think about Aegean Marine Petroleum Network Inc. (NYSE:ANW)?

Insider purchases made by high-level executives is particularly usable when the company in question has seen transactions within the past six months. Over the latest six-month time period, Aegean Marine Petroleum Network Inc. (NYSE:ANW) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Aegean Marine Petroleum Network Inc. (NYSE:ANW). These stocks are China Armco Metals, Inc (NYSEAMEX:CNAM), Macquarie Infrastructure Company LLC (NYSE:MIC) and L.B. Foster Company (NASDAQ:FSTR). All of these stocks are in the basic materials wholesale industry and their market caps are similar to ANW’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!