Do Hedge Funds and Insiders Love USA Mobility Inc (USMO)?

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Is USA Mobility Inc (NASDAQ:USMO) a buy right now? The smart money is taking a bullish view. The number of long hedge fund bets increased by 1 in recent months.

If you’d ask most traders, hedge funds are assumed to be underperforming, outdated financial tools of the past. While there are more than 8000 funds in operation at present, we look at the moguls of this group, close to 450 funds. It is widely believed that this group oversees most of the hedge fund industry’s total capital, and by paying attention to their best investments, we have deciphered a few investment strategies that have historically beaten the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Just as key, positive insider trading sentiment is another way to parse down the financial markets. As the old adage goes: there are lots of reasons for an upper level exec to cut shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this strategy if shareholders understand where to look (learn more here).

Now, we’re going to take a glance at the latest action surrounding USA Mobility Inc (NASDAQ:USMO).

What does the smart money think about USA Mobility Inc (NASDAQ:USMO)?

In preparation for this quarter, a total of 10 of the hedge funds we track were bullish in this stock, a change of 11% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings significantly.

USA Mobility Inc (NASDAQ:USMO)Of the funds we track, Jim Simons’s Renaissance Technologies had the most valuable position in USA Mobility Inc (NASDAQ:USMO), worth close to $19.6 million, comprising less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is Royce & Associates, managed by Chuck Royce, which held a $1.9 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers that are bullish include John Overdeck and David Siegel’s Two Sigma Advisors, Joel Greenblatt’s Gotham Asset Management and Ken Griffin’s Citadel Investment Group.

As one would reasonably expect, key money managers were breaking ground themselves. D E Shaw, managed by D. E. Shaw, created the largest position in USA Mobility Inc (NASDAQ:USMO). D E Shaw had 0.2 million invested in the company at the end of the quarter.

How have insiders been trading USA Mobility Inc (NASDAQ:USMO)?

Insider purchases made by high-level executives is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the last 180-day time frame, USA Mobility Inc (NASDAQ:USMO) has seen 1 unique insiders purchasing, and 1 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 USA Mobility Inc (NASDAQ:USMO). These stocks are Pendrell Corporation – Class A (NASDAQ:PCO), UTStarcom Holdings Corp (NASDAQ:UTSI), Anaren, Inc. (NASDAQ:ANEN), NTELOS Holdings Corp. (NASDAQ:NTLS), and Maxcom Telecomunic S.A.B. de C.V. (ADR) (NYSE:MXT). All of these stocks are in the wireless communications industry and their market caps match USMO’s market cap.

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