Generac Holdings Inc. (GNRC): Are Hedge Funds Right About This Stock?

Page 1 of 2

Is Generac Holdings Inc. (NYSE:GNRC) ready to rally soon? Investors who are in the know are becoming more confident. The number of bullish hedge fund positions went up by 3 in recent months.

To most market participants, hedge funds are perceived as unimportant, outdated investment tools of years past. While there are over 8000 funds in operation at the moment, we at Insider Monkey look at the moguls of this group, around 450 funds. Most estimates calculate that this group oversees most of the smart money’s total asset base, and by watching their best equity investments, we have brought to light a number of investment strategies that have historically outstripped Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Generac Holdings Inc. (NYSE:GNRC)Equally as integral, bullish insider trading sentiment is a second way to parse down the investments you’re interested in. Just as you’d expect, there are lots of incentives for a corporate insider to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this tactic if “monkeys” understand where to look (learn more here).

Now, we’re going to take a glance at the recent action encompassing Generac Holdings Inc. (NYSE:GNRC).

How have hedgies been trading Generac Holdings Inc. (NYSE:GNRC)?

In preparation for this quarter, a total of 20 of the hedge funds we track were bullish in this stock, a change of 18% from the first quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their stakes meaningfully.

According to our comprehensive database, Andrew Sandler’s Sandler Capital Management had the largest position in Generac Holdings Inc. (NYSE:GNRC), worth close to $72.3 million, accounting for 2.1% of its total 13F portfolio. The second largest stake is held by SAC Subsidiary of CR Intrinsic Investors, with a $18.7 million position; the fund has 0.7% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Paul Tudor Jones’s Tudor Investment Corp and Matthew Hulsizer’s PEAK6 Capital Management.

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Pine River Capital Management, managed by Brian Taylor, initiated the most valuable position in Generac Holdings Inc. (NYSE:GNRC). Pine River Capital Management had 3.5 million invested in the company at the end of the quarter. David Costen Haley’s HBK Investments also initiated a $2.9 million position during the quarter. The other funds with new positions in the stock are Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, Mike Vranos’s Ellington, and Ken Gray and Steve Walsh’s Bryn Mawr Capital.

Insider trading activity in Generac Holdings Inc. (NYSE:GNRC)

Bullish insider trading is at its handiest when the company in focus has seen transactions within the past half-year. Over the last six-month time frame, Generac Holdings Inc. (NYSE:GNRC) has experienced zero unique insiders buying, and 10 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Generac Holdings Inc. (NYSE:GNRC). These stocks are Sauer-Danfoss Inc. (NYSE:SHS), ITT Corp (NYSE:ITT), Actuant Corporation (NYSE:ATU), and Zebra Technologies Corp. (NASDAQ:ZBRA). This group of stocks belong to the diversified machinery industry and their market caps resemble GNRC’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!