Hedge Funds Are Betting On Sierra Wireless, Inc. (USA) (SWIR)

Is Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) a worthy investment right now? Investors who are in the know are getting more bullish. The number of bullish hedge fund bets went up by 1 in recent months.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)At the moment, there are many methods shareholders can use to monitor the equity markets. Two of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best hedge fund managers can outclass the S&P 500 by a superb margin (see just how much).

Equally as integral, positive insider trading activity is another way to parse down the investments you’re interested in. As the old adage goes: there are a number of stimuli for a bullish insider to downsize shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the market-beating potential of this method if you understand what to do (learn more here).

Keeping this in mind, let’s take a gander at the recent action encompassing Sierra Wireless, Inc. (USA) (NASDAQ:SWIR).

What does the smart money think about Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)?

In preparation for this quarter, a total of 9 of the hedge funds we track were long in this stock, a change of 13% from the first quarter. With the smart money’s capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.

According to our comprehensive database, Chuck Royce’s Royce & Associates had the largest position in Sierra Wireless, Inc. (USA) (NASDAQ:SWIR), worth close to $7.4 million, accounting for less than 0.1%% of its total 13F portfolio. The second largest stake is held by Roumell Asset Management, managed by Jim Roumell, which held a $6.2 million position; 3.8% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Peter A. Wright’s P.A.W. CAPITAL PARTNERS, Jim Simons’s Renaissance Technologies and Israel Englander’s Millennium Management.

As aggregate interest increased, key hedge funds were breaking ground themselves. PEAK6 Capital Management, managed by Matthew Hulsizer, assembled the largest position in Sierra Wireless, Inc. (USA) (NASDAQ:SWIR). PEAK6 Capital Management had 0.5 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.1 million position during the quarter. The only other fund with a brand new SWIR position is Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

How are insiders trading Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)?

Insider trading activity, especially when it’s bullish, is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the last half-year time period, Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s studies, everyday investors should always monitor hedge fund and insider trading activity, and Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) is no exception.

Click here to learn why you should track hedge funds

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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!