Do Hedge Funds and Insiders Love Audience Inc (ADNC)?

Page 1 of 2

Audience Inc (NASDAQ:ADNC) was in 6 hedge funds’ portfolio at the end of December. ADNC investors should pay attention to a decrease in hedge fund sentiment in recent months. There were 6 hedge funds in our database with ADNC positions at the end of the previous quarter.

In the eyes of most market participants, hedge funds are assumed to be underperforming, outdated investment vehicles of years past. While there are over 8000 funds trading today, we look at the top tier of this group, about 450 funds. It is estimated that this group has its hands on most of all hedge funds’ total asset base, and by tracking their highest performing picks, we have found a few investment strategies that have historically outstripped Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year 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 beaten the S&P 500 index by 24 percentage points in 7 months (see the details here).

Just as key, bullish insider trading activity is a second way to parse down the marketplace. Obviously, there are lots of reasons for an insider to sell shares of his or her company, but just one, very simple reason why they would buy. Various empirical studies have demonstrated the impressive potential of this strategy if “monkeys” understand what to do (learn more here).

With all of this in mind, it’s important to take a look at the recent action encompassing Audience Inc (NASDAQ:ADNC).

How are hedge funds trading Audience Inc (NASDAQ:ADNC)?

Heading into 2013, a total of 6 of the hedge funds we track were long in this stock, a change of 0% from one quarter earlier. With hedge funds’ capital changing hands, there exists a select group of notable hedge fund managers who were boosting their holdings significantly.

Audience Inc (NASDAQ:ADNC)According to our comprehensive database, Nantahala Capital Management, managed by Wilmot B. Harkey and Daniel Mack, holds the largest position in Audience Inc (NASDAQ:ADNC). Nantahala Capital Management has a $9.3 million position in the stock, comprising 1.5% of its 13F portfolio. On Nantahala Capital Management’s heels is John Fichthorn of Dialectic Capital Management, with a $1.8 million position; 0.2% of its 13F portfolio is allocated to the stock. Other hedgies that hold long positions include Jim Simons’s Renaissance Technologies, Israel Englander’s Millennium Management and Chuck Royce’s Royce & Associates.

Seeing as Audience Inc (NASDAQ:ADNC) has experienced bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there were a few hedge funds who were dropping their full holdings heading into 2013. Intriguingly, Leon Cooperman’s Omega Advisors cut the biggest investment of the 450+ funds we track, totaling close to $4.7 million in stock., and Mike Vranos of Ellington was right behind this move, as the fund cut about $0.9 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about Audience Inc (NASDAQ:ADNC)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has experienced transactions within the past half-year. Over the latest half-year time period, Audience Inc (NASDAQ:ADNC) has experienced 2 unique insiders buying, and 5 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Audience Inc (NASDAQ:ADNC). These stocks are Volterra Semiconductor Corporation (NASDAQ:VLTR), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), Peregrine Semiconductor Corp (NASDAQ:PSMI), Oplink Communications, Inc (NASDAQ:OPLK), and ParkerVision, Inc. (NASDAQ:PRKR). This group of stocks are the members of the semiconductor – integrated circuits industry and their market caps are similar to ADNC’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!