Generally speaking, 13Ds indicate the intentions of activist hedge fund managers. These hedgies are the high-flyers in the hedge fund world, and seek to take a brush stroke to an already standing business model.
Essentially, it’s extremely important for average investors to pay attention to Roger Keith Long’s recent investment out of Flow International Corporation (NASDAQ:FLOW).
While investors watch a wide range of equity-based figures, there exists one that is especially important: consensus the sentiment of the world’s best money managers.
At Insider Monkey, our research has demonstrated that piggybackers who follow specific hedge fund activity can outpace the S&P 500 by an average of 18 percentage points per year.
Focusing in on Flow, it’s important to note that 12 other hedge funds were long in the latest round of 13F filings. More precisely, Richard S. Meisenberg’s Ack Asset Management holding 1,384,600, Philip Hempleman’s Ardsley Partners with 200,200 shares, and Chuck Royce’s Royce & Associates holding 2,763,172 shares, were long in Flow International Corporation (NASDAQ:FLOW), which is some of the best company a money manager can be in the same room as.