Do Hedge Funds and Insiders Love Blucora Inc (NASDAQ:BCOR)?

Is Blucora Inc (NASDAQ:BCOR) undervalued? Investors who are in the know are getting more bullish. The number of long hedge fund bets inched up by 1 in recent months.

Blucora Inc (NASDAQ:BCOR)

If you’d ask most investors, hedge funds are perceived as worthless, outdated investment tools of years past. While there are more than 8000 funds in operation at the moment, we at Insider Monkey hone in on the leaders of this group, about 450 funds. It is estimated that this group controls most of the smart money’s total asset base, and by paying attention to their top picks, we have unsheathed a few investment strategies that have historically outperformed the S&P 500 index. 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 started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 25 percentage points in 6.5 month (explore the details and some picks here).

Just as beneficial, bullish insider trading sentiment is another way to break down the marketplace. Just as you’d expect, there are a variety of stimuli for an insider to drop shares of his or her company, but only one, very simple reason why they would initiate a purchase. Various empirical studies have demonstrated the market-beating potential of this tactic if piggybackers know what to do (learn more here).

Consequently, we’re going to take a glance at the key action surrounding Blucora Inc (NASDAQ:BCOR).

What does the smart money think about Blucora Inc (NASDAQ:BCOR)?

Heading into 2013, a total of 18 of the hedge funds we track held long positions in this stock, a change of 6% from one quarter earlier. With hedgies’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their stakes significantly.

Of the funds we track, Jim Simons’s Renaissance Technologies had the most valuable position in Blucora Inc (NASDAQ:BCOR), worth close to $26 million, comprising 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Steven Cohen of SAC Capital Advisors, with a $18 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include Richard Rubin’s Hawkeye Capital, Chuck Royce’s Royce & Associates and Cliff Asness’s AQR Capital Management.

Now, some big names have been driving this bullishness. SAC Capital Advisors, managed by Steven Cohen, established the most valuable position in Blucora Inc (NASDAQ:BCOR). SAC Capital Advisors had 18 million invested in the company at the end of the quarter. Zeke Ashton’s Centaur Capital Partners also initiated a $2 million position during the quarter. The other funds with brand new BCOR positions are Whitney Tilson’s T2 Partners and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

How are insiders trading Blucora Inc (NASDAQ:BCOR)?

Insider buying is most useful when the company in question has seen transactions within the past 180 days. Over the last 180-day time frame, Blucora Inc (NASDAQ:BCOR) has experienced zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

With the results shown by Insider Monkey’s studies, retail investors should always pay attention to hedge fund and insider trading activity, and Blucora Inc (NASDAQ:BCOR) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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

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

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

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!