Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying The Bon-Ton Stores, Inc. (BONT)

Page 1 of 2

The Bon-Ton Stores, Inc. (NASDAQ:BONT) investors should pay attention to an increase in hedge fund sentiment of late.

The Bon-Ton Stores, Inc. (NASDAQ:BONT)

To the average investor, there are dozens of gauges shareholders can use to watch their holdings. A pair of the most useful are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite investment managers can outperform their index-focused peers by a superb margin (see just how much).

Just as important, positive insider trading activity is another way to parse down the stock market universe. Just as you’d expect, there are plenty of incentives for a corporate insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this tactic if investors know what to do (learn more here).

With all of this in mind, let’s take a look at the latest action surrounding The Bon-Ton Stores, Inc. (NASDAQ:BONT).

How have hedgies been trading The Bon-Ton Stores, Inc. (NASDAQ:BONT)?

At the end of the fourth quarter, a total of 7 of the hedge funds we track held long positions in this stock, a change of 40% from the third quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their stakes considerably.

Of the funds we track, David Keidan’s Buckingham Capital Management had the most valuable position in The Bon-Ton Stores, Inc. (NASDAQ:BONT), worth close to $8.2 million, accounting for 0.6% of its total 13F portfolio. On Buckingham Capital Management’s heels is Mario Gabelli of GAMCO Investors, with a $7 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining hedge funds with similar optimism include Jacob Gottlieb’s Visium Asset Management, D. E. Shaw’s D E Shaw and Ken Griffin’s Citadel Investment Group.

Consequently, key money managers have been driving this bullishness. D E Shaw, managed by D. E. Shaw, established the most valuable position in The Bon-Ton Stores, Inc. (NASDAQ:BONT). D E Shaw had 0.5 million invested in the company at the end of the quarter. Paul Tudor Jones’s Tudor Investment Corp also initiated a $0.2 million position during the quarter. The only other fund with a new position in the stock is Cliff Asness’s AQR Capital Management.

Insider trading activity in The Bon-Ton Stores, Inc. (NASDAQ:BONT)

Bullish insider trading is most useful when the company in question has seen transactions within the past half-year. Over the last six-month time frame, The Bon-Ton Stores, Inc. (NASDAQ:BONT) has experienced zero unique insiders buying, and 2 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to The Bon-Ton Stores, Inc. (NASDAQ:BONT). These stocks are Dillard’s, Inc. (NYSE:DDS), J.C. Penney Company, Inc. (NYSE:JCP), Saks Inc (NYSE:SKS), Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), and Alon Holdings Blue Square Israel Ltd (NYSE:BSI). This group of stocks are the members of the department stores industry and their market caps resemble BONT’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!