Hillenbrand, Inc. (NYSE:HI) was in 17 hedge funds’ portfolio at the end of December. HI investors should be aware of an increase in hedge fund sentiment recently. There were 13 hedge funds in our database with HI positions at the end of the previous quarter.
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Equally as integral, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. There are many reasons for an upper level exec to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the market-beating potential of this method if you know what to do (learn more here).
With all of this in mind, it’s important to take a gander at the recent action surrounding Hillenbrand, Inc. (NYSE:HI).
What have hedge funds been doing with Hillenbrand, Inc. (NYSE:HI)?
At the end of the fourth quarter, a total of 17 of the hedge funds we track were long in this stock, a change of 31% from the third quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their stakes meaningfully.
Of the funds we track, Diamond Hill Capital, managed by Ric Dillon, holds the largest position in Hillenbrand, Inc. (NYSE:HI). Diamond Hill Capital has a $21 million position in the stock, comprising 0.2% of its 13F portfolio. Sitting at the No. 2 spot is Dreman Value Management, managed by David Dreman, which held a $11 million position; 1.5% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include D. E. Shaw’s D E Shaw, Ken Griffin’s Citadel Investment Group and Chuck Royce’s Royce & Associates.
With a general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. Newland Capital, managed by Ken Brodkowitz and Mike Vermut, established the biggest position in Hillenbrand, Inc. (NYSE:HI). Newland Capital had 1 million invested in the company at the end of the quarter. Mike Vranos’s Ellington also made a $1 million investment in the stock during the quarter. The other funds with brand new HI positions are Glenn Russell Dubin’s Highbridge Capital Management, Ken Gray and Steve Walsh’s Bryn Mawr Capital, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.
Insider trading activity in Hillenbrand, Inc. (NYSE:HI)
Insider trading activity, especially when it’s bullish, is most useful when the company in question has seen transactions within the past six months. Over the latest 180-day time period, Hillenbrand, Inc. (NYSE:HI) has experienced 2 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
With the results shown by the aforementioned studies, retail investors must always monitor hedge fund and insider trading sentiment, and Hillenbrand, Inc. (NYSE:HI) is no exception.
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