Apco Oil and Gas International Inc (NASDAQ:APAGF) was in 4 hedge funds’ portfolio at the end of the fourth quarter of 2012. APAGF has seen an increase in enthusiasm from smart money in recent months. There were 3 hedge funds in our database with APAGF positions at the end of the previous quarter.
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Equally as beneficial, bullish insider trading sentiment is another way to break down the marketplace. Just as you’d expect, there are lots of stimuli for an insider to drop shares of his or her company, but just one, very obvious reason why they would buy. Many empirical studies have demonstrated the impressive potential of this method if investors know what to do (learn more here).
Keeping this in mind, we’re going to take a glance at the latest action regarding Apco Oil and Gas International Inc (NASDAQ:APAGF).
What have hedge funds been doing with Apco Oil and Gas International Inc (NASDAQ:APAGF)?
At the end of the fourth quarter, a total of 4 of the hedge funds we track held long positions in this stock, a change of 33% from the previous quarter. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their stakes meaningfully.
Now, key hedge funds have been driving this bullishness. Columbus Hill Capital Management, managed by Kevin D. Eng, created the biggest position in Apco Oil and Gas International Inc (NASDAQ:APAGF). Columbus Hill Capital Management had 3.1 million invested in the company at the end of the quarter.
What have insiders been doing with Apco Oil and Gas International Inc (NASDAQ:APAGF)?
Insider trading activity, especially when it’s bullish, is best served when the company in focus has experienced transactions within the past half-year. Over the last half-year time period, Apco Oil and Gas International Inc (NASDAQ:APAGF) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Apco Oil and Gas International Inc (NASDAQ:APAGF). These stocks are LRR Energy LP (NYSE:LRE), VAALCO Energy, Inc. (NYSE:EGY), Quicksilver Resources Inc (NYSE:KWK), Triangle Petroleum Corporation (NYSEAMEX:TPLM), and Sandridge Mississippian Trust I (NYSE:SDT). This group of stocks are in the independent oil & gas industry and their market caps are closest to APAGF’s market cap.