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Checkpoint Systems, Inc. (CKP): Insiders Are Buying, Should You?: CompX International Inc. (CIX), Brink’s Co (BCO)

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Checkpoint Systems, Inc. (NYSE:CKP) investors should be aware of an increase in hedge fund interest recently.

Checkpoint Systems, Inc. (NYSE:CKP)In the 21st century investor’s toolkit, there are tons of indicators investors can use to track the equity markets. Some of the best are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best hedge fund managers can outclass the broader indices by a significant amount (see just how much).

Just as important, positive insider trading activity is another way to parse down the world of equities. There are a variety of stimuli for an upper level exec to drop shares of his or her company, but only one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this method if piggybackers know where to look (learn more here).

Consequently, it’s important to take a glance at the key action regarding Checkpoint Systems, Inc. (NYSE:CKP).

What have hedge funds been doing with Checkpoint Systems, Inc. (NYSE:CKP)?

At year’s end, a total of 11 of the hedge funds we track held long positions in this stock, a change of 10% from the third quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings substantially.

According to our comprehensive database, Roumell Asset Management, managed by Jim Roumell, holds the biggest position in Checkpoint Systems, Inc. (NYSE:CKP). Roumell Asset Management has a $10.4 million position in the stock, comprising 6.6% of its 13F portfolio. Coming in second is Chuck Royce of Royce & Associates, with a $2.1 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, John Overdeck and David Siegel’s Two Sigma Advisors and Israel Englander’s Millennium Management.

As one would reasonably expect, some big names were breaking ground themselves. D E Shaw, managed by D. E. Shaw, established the largest position in Checkpoint Systems, Inc. (NYSE:CKP). D E Shaw had 0.2 million invested in the company at the end of the quarter. Cliff Asness’s AQR Capital Management also made a $0.2 million investment in the stock during the quarter. The other funds with brand new CKP positions are Mike Vranos’s Ellington and Steven Cohen’s SAC Capital Advisors.

How are insiders trading Checkpoint Systems, Inc. (NYSE:CKP)?

Bullish insider trading is best served when the company in question has experienced transactions within the past half-year. Over the latest six-month time frame, Checkpoint Systems, Inc. (NYSE:CKP) has experienced 3 unique insiders buying, 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 Checkpoint Systems, Inc. (NYSE:CKP). These stocks are CompX International Inc. (NYSEAMEX:CIX), Brink’S Co (NYSE:BCO), Ascent Capital Group Inc (NASDAQ:ASCMA), Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS), and American Science & Engineering, Inc. (NASDAQ:ASEI). This group of stocks are the members of the security & protection services industry and their market caps are closest to CKP’s market cap.

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