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To many of your peers, hedge funds are seen as overrated, outdated investment vehicles of a forgotten age.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
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 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

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

Top 6 Cities For The Ultra Rich to Live in Comfort

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

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!