Globecomm Systems, Inc. (GCOM): Hedge Funds and Insiders Are Bearish, What Should You Do?

Page 1 of 2

Is Globecomm Systems, Inc. (NASDAQ:GCOM) a great investment today? Money managers are in a bearish mood. The number of long hedge fund bets retreated by 1 in recent months.

To the average investor, there are plenty of methods shareholders can use to watch Mr. Market. Some of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top hedge fund managers can beat the market by a superb margin (see just how much).

Globecomm Systems, Inc. (NASDAQ:GCOM)

Equally as key, bullish insider trading activity is another way to parse down the world of equities. Just as you’d expect, there are a number of reasons for an upper level exec to cut shares of his or her company, but just one, very clear reason why they would buy. Several academic studies have demonstrated the valuable potential of this method if piggybackers know what to do (learn more here).

With these “truths” under our belt, we’re going to take a peek at the latest action encompassing Globecomm Systems, Inc. (NASDAQ:GCOM).

What have hedge funds been doing with Globecomm Systems, Inc. (NASDAQ:GCOM)?

Heading into 2013, a total of 7 of the hedge funds we track held long positions in this stock, a change of -13% from one quarter earlier. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were upping their stakes significantly.

Of the funds we track, Chuck Royce’s Royce & Associates had the largest position in Globecomm Systems, Inc. (NASDAQ:GCOM), worth close to $4.1 million, comprising less than 0.1%% of its total 13F portfolio. Coming in second is Renaissance Technologies, managed by Jim Simons, which held a $2.8 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers that hold long positions include Joel Greenblatt’s Gotham Asset Management, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors and John Overdeck and David Siegel’s Two Sigma Advisors.

Due to the fact that Globecomm Systems, Inc. (NASDAQ:GCOM) has experienced a declination in interest from the aggregate hedge fund industry, we can see that there were a few hedge funds that decided to sell off their full holdings last quarter. At the top of the heap, Israel Englander’s Millennium Management cut the biggest stake of the 450+ funds we track, totaling an estimated $0.9 million in stock. These transactions are important to note, as aggregate hedge fund interest fell by 1 funds last quarter.

Insider trading activity in Globecomm Systems, Inc. (NASDAQ:GCOM)

Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the last half-year time frame, Globecomm Systems, Inc. (NASDAQ:GCOM) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Globecomm Systems, Inc. (NASDAQ:GCOM). These stocks are Super Micro Computer, Inc. (NASDAQ:SMCI), Silicom Ltd. (NASDAQ:SILC), Black Box Corporation (NASDAQ:BBOX), Digi International Inc. (NASDAQ:DGII), and Extreme Networks, Inc (NASDAQ:EXTR). All of these stocks are in the networking & communication devices industry and their market caps are similar to GCOM’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

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

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

Top 6 Cities For The Ultra Rich to Live in Comfort

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

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!