Do Hedge Funds and Insiders Love G-III Apparel Group, Ltd. (GIII)?

Page 1 of 2

To many of your peers, hedge funds are seen as overrated, outdated investment vehicles of a forgotten age. Although there are In excess of 8,000 hedge funds in operation in present day, Insider Monkey aim at the leaders of this club, close to 525 funds. It is assumed that this group has its hands on the lion’s share of all hedge funds’ total capital, and by paying attention to their highest performing equity investments, we’ve deciphered a few investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outperformed 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 outclassed the S&P 500 index by 33 percentage points in 11 months (see all of our picks from August).

Equally as key, positive insider trading sentiment is another way to look at the world of equities. Just as you’d expect, there are a number of incentives for an executive to get rid of shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the market-beating potential of this strategy if shareholders understand what to do (learn more here).

What’s more, it’s important to examine the newest info about G-III Apparel Group, Ltd. (NASDAQ:GIII).

What have hedge funds been doing with G-III Apparel Group, Ltd. (NASDAQ:GIII)?

In preparation for the third quarter, a total of 17 of the hedge funds we track were long in this stock, a change of 0% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings considerably.

G-III Apparel Group, Ltd. (NASDAQ:GIII)According to our 13F database, Chuck Royce’s Royce & Associates had the most valuable position in G-III Apparel Group, Ltd. (NASDAQ:GIII), worth close to $111.2 million, comprising 0.3% of its total 13F portfolio. Coming in second is Matt Sirovich and Jeremy Mindich of Scopia Capital, with a $91.3 million position; the fund has 2.6% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Donald Chiboucis’s Columbus Circle Investors, David Keidan’s Buckingham Capital Management and Drew Cupps’s Cupps Capital Management.

Because G-III Apparel Group, Ltd. (NASDAQ:GIII) has experienced dropping sentiment from the smart money’s best and brightest, logic holds that there is a sect of money managers who were dropping their full holdings heading into Q2. Intriguingly, Malcolm Fairbairn’s Ascend Capital dumped the biggest investment of the 450+ funds we monitor, totaling about $4 million in stock, and Alexander Mitchell of Scopus Asset Management was right behind this move, as the fund sold off about $3.4 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Insider buying made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the last 180-day time period, G-III Apparel Group, Ltd. (NASDAQ:GIII) 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 G-III Apparel Group, Ltd. (NASDAQ:GIII). These stocks are UniFirst Corp (NYSE:UNF), Maidenform Brands, Inc. (NYSE:MFB), Quiksilver, Inc. (NYSE:ZQK), True Religion Apparel, Inc. (NASDAQ:TRLG), and Oxford Industries, Inc. (NYSE:OXM). This group of stocks belong to the textile – apparel clothing industry and their market caps resemble GIII’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!