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Hedge Funds Are Betting On ATMI Inc (ATMI)

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ATMI Inc (NASDAQ:ATMI) investors should pay attention to an increase in enthusiasm from smart money recently.

In the eyes of most market participants, hedge funds are seen as worthless, old investment tools of the past. While there are more than 8000 funds in operation today, we at Insider Monkey hone in on the masters of this group, around 450 funds. It is widely believed that this group controls the lion’s share of the smart money’s total asset base, and by tracking their top investments, we have unearthed a number of investment strategies that have historically beaten Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points a year 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 outclassed the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Equally as integral, positive insider trading sentiment is another way to parse down the world of equities. Obviously, there are a variety of incentives for an upper level exec to cut shares of his or her company, but only one, very obvious reason why they would behave bullishly. Various empirical studies have demonstrated the valuable potential of this method if piggybackers understand what to do (learn more here).

Now, it’s important to take a peek at the key action encompassing ATMI Inc (NASDAQ:ATMI).

Hedge fund activity in ATMI Inc (NASDAQ:ATMI)

In preparation for this quarter, a total of 11 of the hedge funds we track held long positions in this stock, a change of 57% from the first quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes considerably.

ATMI Inc (NASDAQ:ATMI)Of the funds we track, Chuck Royce’s Royce & Associates had the largest position in ATMI Inc (NASDAQ:ATMI), worth close to $92.5 million, accounting for 0.3% of its total 13F portfolio. Coming in second is Clint Carlson of Carlson Capital, with a $6.6 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, John Overdeck and David Siegel’s Two Sigma Advisors and Joel Greenblatt’s Gotham Asset Management.

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Carlson Capital, managed by Clint Carlson, established the most outsized position in ATMI Inc (NASDAQ:ATMI). Carlson Capital had 6.6 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also initiated a $1.8 million position during the quarter. The other funds with new positions in the stock are Neil Chriss’s Hutchin Hill Capital and Paul Tudor Jones’s Tudor Investment Corp.

What do corporate executives and insiders think about ATMI Inc (NASDAQ:ATMI)?

Bullish insider trading is best served when the company in focus has seen transactions within the past half-year. Over the latest six-month time period, ATMI Inc (NASDAQ:ATMI) has experienced zero unique insiders buying, and 13 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to ATMI Inc (NASDAQ:ATMI). These stocks are Intermolecular Inc (NASDAQ:IMI), Ultratech, Inc. (NASDAQ:UTEK), Tessera Technologies, Inc. (NASDAQ:TSRA), Kulicke and Soffa Industries Inc. (NASDAQ:KLIC), and Brooks Automation, Inc. (USA) (NASDAQ:BRKS). This group of stocks are in the semiconductor equipment & materials industry and their market caps are closest to ATMI’s market cap.

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