Is Genesee & Wyoming Inc (NYSE:GWR)
a buy right now? Prominent investors are becoming more confident. The number of bullish hedge fund positions inched up by 1 lately.
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Just as beneficial, positive insider trading sentiment is another way to parse down the investments you're interested in. Just as you'd expect, there are lots of stimuli for an insider to sell shares of his or her company, but just one, very clear reason why they would behave bullishly. Plenty of academic studies have demonstrated the useful potential of this tactic if piggybackers understand what to do (learn more here
Now, we're going to take a gander at the key action encompassing Genesee & Wyoming Inc (NYSE:GWR
How have hedgies been trading Genesee & Wyoming Inc (NYSE:GWR)?
At year's end, a total of 19 of the hedge funds we track held long positions in this stock, a change of 6% from the previous quarter. With hedge funds' capital changing hands, there exists an "upper tier" of key hedge fund managers who were increasing their holdings considerably.
According to our comprehensive database, Oaktree Capital Management
, managed by Howard Marks, holds the largest position in Genesee & Wyoming Inc (NYSE:GWR). Oaktree Capital Management has a $38 million position in the stock, comprising 0.7% of its 13F portfolio. Sitting at the No. 2 spot is Goodnow Investment Group
, managed by Edward Goodnow, which held a $37 million position; 0.7% of its 13F portfolio is allocated to the stock. Some other hedgies with similar optimism include Donald Chiboucis's Columbus Circle Investors
, Richard Driehaus's Driehaus Capital
and "Richard S. Meisenberg's ACK Asset Management
Consequently, key hedge funds were leading the bulls' herd. Oaktree Capital Management
, managed by Howard Marks, assembled the most outsized position in Genesee & Wyoming Inc (NYSE:GWR). Oaktree Capital Management had 38 million invested in the company at the end of the quarter. Dmitry Balyasny's Balyasny Asset Management
also initiated a $8 million position during the quarter. The following funds were also among the new GWR investors: Israel Englander's Millennium Management
, Bart Baum's Ionic Capital Management
, and Cliff Asness's AQR Capital Management
How have insiders been trading Genesee & Wyoming Inc (NYSE:GWR)?
Insider buying is at its handiest when the company in question has seen transactions within the past half-year. Over the last 180-day time frame, Genesee & Wyoming Inc (NYSE:GWR) has experienced 2 unique insiders purchasing, and 5 insider sales (see the details of insider trades here
With the returns shown by our research, retail investors should always pay attention to hedge fund and insider trading sentiment, and Genesee & Wyoming Inc (NYSE:GWR) is no exception.
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