Alamo Group, Inc. (ALG): Are Hedge Funds Right About This Stock?

Page 1 of 2

Alamo Group, Inc. (NYSE:ALG) was in 9 hedge funds’ portfolio at the end of the first quarter of 2013. ALG investors should pay attention to an increase in hedge fund sentiment in recent months. There were 8 hedge funds in our database with ALG positions at the end of the previous quarter.

Alamo Group, Inc. (NYSE:ALG)In the financial world, there are a multitude of gauges shareholders can use to track the equity markets. A pair of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best fund managers can outperform the S&P 500 by a significant amount (see just how much).

Equally as beneficial, positive insider trading activity is another way to parse down the stock market universe. Obviously, there are a number of incentives for a corporate insider to sell shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Many academic studies have demonstrated the impressive potential of this tactic if investors know where to look (learn more here).

With these “truths” under our belt, we’re going to take a look at the recent action regarding Alamo Group, Inc. (NYSE:ALG).

How are hedge funds trading Alamo Group, Inc. (NYSE:ALG)?

In preparation for this quarter, a total of 9 of the hedge funds we track were long in this stock, a change of 13% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were upping their stakes substantially.

According to our comprehensive database, Longview Asset Management, managed by James A. Star, holds the most valuable position in Alamo Group, Inc. (NYSE:ALG). Longview Asset Management has a $65 million position in the stock, comprising 2.2% of its 13F portfolio. On Longview Asset Management’s heels is Chuck Royce of Royce & Associates, with a $47.6 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Martin Whitman’s Third Avenue Management, Jim Simons’s Renaissance Technologies and Joel Greenblatt’s Gotham Asset Management.

As aggregate interest increased, some big names were breaking ground themselves. Two Sigma Advisors, managed by John Overdeck and David Siegel, created the largest position in Alamo Group, Inc. (NYSE:ALG). Two Sigma Advisors had 0.5 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $0.3 million position during the quarter.

How are insiders trading Alamo Group, Inc. (NYSE:ALG)?

Insider trading activity, especially when it’s bullish, is best served when the primary stock in question has experienced transactions within the past 180 days. Over the latest half-year time period, Alamo Group, Inc. (NYSE:ALG) has seen zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Alamo Group, Inc. (NYSE:ALG). These stocks are Lindsay Corporation (NYSE:LNN), Astec Industries, Inc. (NASDAQ:ASTE), Cascade Corporation (NYSE:CASC), NACCO Industries, Inc. (NYSE:NC), and Columbus McKinnon Corp. (NASDAQ:CMCO). This group of stocks are the members of the farm & construction machinery industry and their market caps resemble ALG’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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

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!