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

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends 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!