Do Hedge Funds and Insiders Love ENGlobal Corp (ENG)?

Page 1 of 2

ENGlobal Corp (NASDAQ:ENG) was in 4 hedge funds’ portfolio at the end of December. ENG has seen a decrease in enthusiasm from smart money lately; in our experience, stagnant sentiment is a bearish development. There were 4 hedge funds in our database with ENG positions at the end of the previous quarter.

In the eyes of most investors, hedge funds are viewed as slow, old investment vehicles of the past. While there are over 8000 funds trading today, we at Insider Monkey look at the crème de la crème of this club, close to 450 funds. It is estimated that this group controls the majority of all hedge funds’ total asset base, and by tracking their best equity investments, we have discovered 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 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 topped the S&P 500 index by 24 percentage points in 7 months (check out a sample of our picks).

ENGlobal Corp (NASDAQ:ENG)

Equally as beneficial, bullish insider trading sentiment is another way to parse down the marketplace. There are a variety of motivations for an executive to downsize shares of his or her company, but only one, very clear reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this tactic if shareholders know where to look (learn more here).

With all of this in mind, it’s important to take a gander at the recent action encompassing ENGlobal Corp (NASDAQ:ENG).

How have hedgies been trading ENGlobal Corp (NASDAQ:ENG)?

At year’s end, a total of 4 of the hedge funds we track were bullish in this stock, a change of 0% from the third quarter.

Seeing as ENGlobal Corp (NASDAQ:ENG) has witnessed declining sentiment from the aggregate hedge fund industry, it’s safe to say that there were a few hedge funds that elected to cut their full holdings at the end of the year. Intriguingly, Phil Frohlich’s Prescott Group Capital Management said goodbye to the largest investment of the “upper crust” of funds we key on, worth an estimated $0.2 million in stock. These bearish behaviors are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What have insiders been doing with ENGlobal Corp (NASDAQ:ENG)?

Insider buying is best served when the company in focus has seen transactions within the past half-year. Over the last six-month time period, ENGlobal Corp (NASDAQ:ENG) has experienced zero unique insiders buying, and zero 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 ENGlobal Corp (NASDAQ:ENG). These stocks are UniTek Global Services Inc. (NASDAQ:UNTK), Versar Inc. (NYSEAMEX:VSR), WidePoint Corporation (NYSEAMEX:WYY), and Lime Energy Co. (NASDAQ:LIME). This group of stocks are in the technical services industry and their market caps resemble ENG’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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!