Ballantyne Strong Inc (BTN): Are Hedge Funds Right About This Stock?

Is Ballantyne Strong Inc (NYSEAMEX:BTN) an excellent investment now? Hedge funds are turning less bullish. The number of long hedge fund positions went down by 2 in recent months.

Ballantyne Strong Inc (NYSEAMEX:BTN)If you’d ask most shareholders, hedge funds are seen as unimportant, old financial tools of yesteryear. While there are greater than 8000 funds in operation today, we at Insider Monkey choose to focus on the bigwigs of this group, around 450 funds. It is estimated that this group oversees the lion’s share of the hedge fund industry’s total asset base, and by paying attention to their best picks, we have identified a number of investment strategies that have historically beaten the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Just as beneficial, bullish insider trading activity is another way to parse down the financial markets. Obviously, there are many stimuli for an upper level exec to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Various academic studies have demonstrated the valuable potential of this tactic if investors know what to do (learn more here).

With all of this in mind, it’s important to take a peek at the latest action surrounding Ballantyne Strong Inc (NYSEAMEX:BTN).

Hedge fund activity in Ballantyne Strong Inc (NYSEAMEX:BTN)

At Q1′s end, a total of 6 of the hedge funds we track were long in this stock, a change of -25% from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their holdings meaningfully.

Of the funds we track, Ariel Investments, managed by John W. Rogers, holds the largest position in Ballantyne Strong Inc (NYSEAMEX:BTN). Ariel Investments has a $6.2 million position in the stock, comprising 0.1% of its 13F portfolio. The second largest stake is held by Royce & Associates, managed by Chuck Royce, which held a $1.8 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers that hold long positions include Jim Simons’s Renaissance Technologies, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners.

Since Ballantyne Strong Inc (NYSEAMEX:BTN) has witnessed falling interest from the aggregate hedge fund industry, it’s safe to say that there is a sect of hedge funds who sold off their positions entirely last quarter. At the top of the heap, D. E. Shaw’s D E Shaw cut the biggest investment of the 450+ funds we track, totaling about $0.2 million in stock., and Andy Redleaf of Whitebox Advisors was right behind this move, as the fund said goodbye to about $0.1 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 2 funds last quarter.

Insider trading activity in Ballantyne Strong Inc (NYSEAMEX:BTN)

Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest six-month time frame, Ballantyne Strong Inc (NYSEAMEX:BTN) has experienced 4 unique insiders buying, and zero insider sales (see the details of insider trades here).

With the results demonstrated by the aforementioned research, retail investors should always monitor hedge fund and insider trading sentiment, and Ballantyne Strong Inc (NYSEAMEX:BTN) applies perfectly to this mantra.

Click here to learn why you should track hedge funds

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

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!