In the hedge fund world, Michael Price’s MFP Investors reported a buy of 6,080,000 shares of First Security Group Inc (NASDAQ:FSGI) in a 13D filing with the SEC’s Edgar system. Altogether, the holding in First Security Group is now worth close to $15,321,600. This is a new position, and was likely a piece of the company’s strategic recapitalization last week.
Looking at the entire picture, 13Ds reveal the goals of activist hedge fund managers. These talented managers are the most widely covered in the investment space, and look to impose their will to an already standing company.
In layman’s terms, it’s extremely important for retail investors to pay attention to Michael Price’s new investment into First Security Group Inc
Though the media, analysts and the blogosphere at large reports on a wide range of equity-based methods of evaluation, there exists one that should be watched more closely: consensus hedge fund sentiment.
Quantitative analyses have shown that mimickers who copy specific hedge fund activity can outpace
their index-focused peers by an average of eighteen percentage points each year) (see the details here
Keying on First Security Group Inc, it’s important to note that there are zero
of the other hedge funds we track were invested in First Security Group Inc (NASDAQ:FSGI
) according to our database.
Just as important, we must note some other stocks in MFP Investors’s 13F portfolio, in addition to First Security Group Inc (NASDAQ:FSGI).
As follows, they include West Coast Bancorp (NASDAQ:WCBO
), Intel Corporation (NASDAQ:INTC
), and Citigroup Inc. (NYSE:C
), and are mentioned on Page 2: