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To most market participants, hedge funds are perceived as unimportant, outdated investment tools of years past.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 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!