Fuel Systems Solutions, Inc. (FSYS): Hedge Funds and Insiders Are Bullish, What Should You Do?

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Fuel Systems Solutions, Inc. (NASDAQ:FSYS) was in 6 hedge funds’ portfolio at the end of the first quarter of 2013. FSYS investors should be aware of an increase in enthusiasm from smart money in recent months. There were 5 hedge funds in our database with FSYS holdings at the end of the previous quarter.

Fuel Systems Solutions, Inc. (NASDAQ:FSYS)If you’d ask most traders, hedge funds are seen as underperforming, old financial tools of yesteryear. While there are greater than 8000 funds with their doors open today, we choose to focus on the bigwigs of this group, close to 450 funds. It is estimated that this group controls the lion’s share of all hedge funds’ total capital, and by monitoring their top picks, we have determined a number of investment strategies that have historically outperformed the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum 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 trumped the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Just as key, positive insider trading sentiment is another way to break down the marketplace. There are lots of motivations for an insider to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Various academic studies have demonstrated the impressive potential of this method if “monkeys” know where to look (learn more here).

Consequently, we’re going to take a gander at the key action regarding Fuel Systems Solutions, Inc. (NASDAQ:FSYS).

Hedge fund activity in Fuel Systems Solutions, Inc. (NASDAQ:FSYS)

Heading into Q2, a total of 6 of the hedge funds we track were long in this stock, a change of 20% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes significantly.

When looking at the hedgies we track, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Fuel Systems Solutions, Inc. (NASDAQ:FSYS). Royce & Associates has a $14.5 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Royce & Associates’s heels is PEAK6 Capital Management, managed by Matthew Hulsizer, which held a $2.4 million call position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Jim Simons’s Renaissance Technologies, Israel Englander’s Millennium Management and Glenn Russell Dubin’s Highbridge Capital Management.

As one would reasonably expect, some big names have jumped into Fuel Systems Solutions, Inc. (NASDAQ:FSYS) headfirst. PEAK6 Capital Management, managed by Matthew Hulsizer, created the largest call position in Fuel Systems Solutions, Inc. (NASDAQ:FSYS). PEAK6 Capital Management had 2.4 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $1.5 million investment in the stock during the quarter. The following funds were also among the new FSYS investors: Glenn Russell Dubin’s Highbridge Capital Management and Matthew Hulsizer’s PEAK6 Capital Management.

What do corporate executives and insiders think about Fuel Systems Solutions, Inc. (NASDAQ:FSYS)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has seen transactions within the past half-year. Over the last 180-day time period, Fuel Systems Solutions, Inc. (NASDAQ:FSYS) has experienced 1 unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Fuel Systems Solutions, Inc. (NASDAQ:FSYS). These stocks are Superior Industries International Inc. (NYSE:SUP), Stoneridge, Inc. (NYSE:SRI), Meritor Inc (NYSE:MTOR), Modine Manufacturing Co. (NYSE:MOD), and Douglas Dynamics Inc (NYSE:PLOW). This group of stocks are the members of the auto parts industry and their market caps resemble FSYS’s market cap.

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