Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30. In this article we are going to take a look at smart money sentiment towards magicJack VocalTec Ltd (NASDAQ:CALL).
magicJack VocalTec Ltd (NASDAQ:CALL) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 9 hedge funds’ portfolios at the end of September. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as Planet Payment Inc (NASDAQ:PLPM), RealNetworks Inc (NASDAQ:RNWK), and ESSA Bancorp, Inc. (NASDAQ:ESSA) to gather more data points.
In today’s marketplace, there are numerous methods investors employ to analyze stocks. A couple of the most under-the-radar methods are hedge fund and insider trading interest. We have shown that, historically, those who follow the top picks of the top investment managers can outperform the S&P 500 by a solid amount (see the details here).
Keeping this in mind, let’s take a look at the new action surrounding magicJack VocalTec Ltd (NASDAQ:CALL).
Hedge fund activity in magicJack VocalTec Ltd (NASDAQ:CALL)
At the end of September, a total of 9 of the hedge funds tracked by Insider Monkey held long positions in this stock, flat over the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings significantly (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Renaissance Technologies hold the most valuable position in magicJack VocalTec Ltd (NASDAQ:CALL). Renaissance Technologies has a $3 million position in the stock, comprising less than 0.1% of its 13F portfolio. Coming in second is T2 Partners, managed by Whitney Tilson, which holds a $2.9 million position; the fund has 5.8% of its 13F portfolio invested in the stock. Some other members of the smart money that are bullish include Peter Muller’s PDT Partners, Israel Englander’s Millennium Management, and Paul Solit’s Potomac Capital Management.