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Do Hedge Funds and Insiders Love SuperMedia Inc (SPMD)?: SoundBite Communications Inc (SDBT), PFSweb, Inc. (PFSW)

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Is SuperMedia Inc (NASDAQ:SPMD) worth your attention right now? The best stock pickers are turning less bullish. The number of bullish hedge fund bets stayed the same which is a slightly negative development in our experience

SuperMedia Inc (NASDAQ:SPMD)In the financial world, there are many metrics market participants can use to analyze stocks. A couple of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best investment managers can beat the broader indices by a healthy margin (see just how much).

Equally as important, bullish insider trading sentiment is a second way to parse down the world of equities. Just as you’d expect, there are many stimuli for an executive to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this method if piggybackers know where to look (learn more here).

Now, it’s important to take a look at the latest action surrounding SuperMedia Inc (NASDAQ:SPMD).

Hedge fund activity in SuperMedia Inc (NASDAQ:SPMD)

Heading into 2013, a total of 8 of the hedge funds we track were bullish in this stock, a change of 0% from one quarter earlier. With hedgies’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes considerably.

According to our comprehensive database, John Paulson’s Paulson & Co had the largest position in SuperMedia Inc (NASDAQ:SPMD), worth close to $9 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Hayman Advisors, managed by Kyle Bass, which held a $5 million position; 3.1% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include D. E. Shaw’s D E Shaw, Prem Watsa’s Fairfax Financial Holdings and Jim Simons’s Renaissance Technologies.

Since SuperMedia Inc (NASDAQ:SPMD) has witnessed bearish sentiment from hedge fund managers, we can see that there lies a certain “tier” of hedge funds who were dropping their entire stakes heading into 2013. Interestingly, Anand Parekh’s Alyeska Investment Group dropped the largest position of all the hedgies we key on, worth an estimated $1 million in stock.. Ryan Heslop and Ariel Warszawski’s fund, Firefly Value Partners, also sold off its stock, about $0 million worth. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about SuperMedia Inc (NASDAQ:SPMD)?

Bullish insider trading is most useful when the company in question has experienced transactions within the past half-year. Over the last 180-day time frame, SuperMedia Inc (NASDAQ:SPMD) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to SuperMedia Inc (NASDAQ:SPMD). These stocks are SoundBite Communications Inc (NASDAQ:SDBT), PFSweb, Inc. (NASDAQ:PFSW), Newtek Business Services, Inc (NASDAQ:NEWT), World Energy Solutions, Inc. (NASDAQ:XWES), and RLJ Entertainment Inc (NASDAQ:RLJE). This group of stocks are in the business services industry and their market caps match SPMD’s market cap.

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