Do Hedge Funds and Insiders Love Digi International Inc. (DGII)?

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Is Digi International Inc. (NASDAQ:DGII) a good investment?

Now, according to many of your peers, hedge funds are viewed as delayed, old financial tools of a forgotten age. Although there are over 8,000 hedge funds with their doors open currently, this site aim at the upper echelon of this group, around 525 funds. It is widely held that this group oversees most of all hedge funds’ total assets, and by paying attention to their highest performing picks, we’ve determined a few investment strategies that have historically beaten the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a 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 outclassed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Equally as crucial, optimistic insider trading sentiment is a second way to analyze the stock market universe. There are a variety of reasons for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would buy. Many academic studies have demonstrated the valuable potential of this method if piggybackers understand what to do (learn more here).

Digi International Inc. (NASDAQ:DGII)

What’s more, it’s important to analyze the latest info for Digi International Inc. (NASDAQ:DGII).

How are hedge funds trading Digi International Inc. (NASDAQ:DGII)?

At Q2′s end, a total of 5 of the hedge funds we track were long in this stock, a change of 0% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their stakes significantly.

According to our 13F database, Chuck Royce’s Royce & Associates had the biggest position in Digi International Inc. (NASDAQ:DGII), worth close to $11.2 million, comprising less than 0.1%% of its total 13F portfolio. Coming in second is John Overdeck and David Siegel of Two Sigma Advisors, with a $0.9 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining peers that hold long positions include D. E. Shaw’s D E Shaw, Joel Greenblatt’s Gotham Asset Management and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Insider trading activity in Digi International Inc. (NASDAQ:DGII)

Bullish insider trading is particularly usable when the company in focus has seen transactions within the past 180 days. Over the latest half-year time frame, Digi International Inc. (NASDAQ:DGII) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Digi International Inc. (NASDAQ:DGII). These stocks are Super Micro Computer, Inc. (NASDAQ:SMCI), Black Box Corporation (NASDAQ:BBOX), Extreme Networks, Inc (NASDAQ:EXTR), Globecomm Systems, Inc. (NASDAQ:GCOM), and Silicom Ltd. (NASDAQ:SILC). All of these stocks are in the networking & communication devices industry and their market caps are closest to DGII’s market cap.

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