Hedge Funds Are Buying Triumph Group Inc (NYSE:TGI)

Triumph Group Inc (NYSE:TGI) was in 23 hedge funds’ portfolio at the end of December. TGI shareholders have witnessed an increase in enthusiasm from smart money of late. There were 22 hedge funds in our database with TGI holdings at the end of the previous quarter.

Triumph Group Inc (NYSE:TGI)

In the financial world, there are dozens of gauges shareholders can use to analyze the equity markets. Two of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can trounce their index-focused peers by a healthy amount (see just how much).

Equally as key, optimistic insider trading activity is a second way to break down the financial markets. As the old adage goes: there are a variety of incentives for a corporate insider to drop shares of his or her company, but just one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this tactic if shareholders understand what to do (learn more here).

Now, we’re going to take a look at the key action surrounding Triumph Group Inc (NYSE:TGI).

What does the smart money think about Triumph Group Inc (NYSE:TGI)?

At year’s end, a total of 23 of the hedge funds we track were bullish in this stock, a change of 5% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes substantially.

According to our comprehensive database, Donald Chiboucis’s Columbus Circle Investors had the largest position in Triumph Group Inc (NYSE:TGI), worth close to $47 million, comprising 0.4% of its total 13F portfolio. On Columbus Circle Investors’s heels is Joe DiMenna of ZWEIG DIMENNA PARTNERS, with a $30 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Ken Fisher’s Fisher Asset Management, Steven Cohen’s SAC Capital Advisors and Richard Driehaus’s Driehaus Capital.

With a general bullishness amongst the heavyweights, some big names have been driving this bullishness. Bluefin Investment Management, managed by Scott Burney, initiated the biggest position in Triumph Group Inc (NYSE:TGI). Bluefin Investment Management had 8 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also made a $1 million investment in the stock during the quarter. The other funds with brand new TGI positions are Andy Redleaf’s Whitebox Advisors, Glenn Russell Dubin’s Highbridge Capital Management, and Drew Cupps’s Cupps Capital Management.

What do corporate executives and insiders think about Triumph Group Inc (NYSE:TGI)?

Bullish insider trading is at its handiest when the company in question has seen transactions within the past six months. Over the latest 180-day time period, Triumph Group Inc (NYSE:TGI) has seen 2 unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

With the results demonstrated by our tactics, retail investors must always keep an eye on hedge fund and insider trading activity, and Triumph Group Inc (NYSE:TGI) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways 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

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!