VistaPrint Limited (NASDAQ:VPRT) has experienced an increase in hedge fund sentiment in recent months.
In the 21st century investor’s toolkit, there are dozens of gauges shareholders can use to watch Mr. Market. A pair of the best are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite investment managers can outperform the broader indices by a superb amount (see just how much).
Equally as important, positive insider trading activity is a second way to parse down the financial markets. There are a number of incentives for an insider to drop shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of academic studies have demonstrated the impressive potential of this tactic if you understand what to do (learn more here).
Now, let’s take a glance at the latest action surrounding VistaPrint Limited (NASDAQ:VPRT).
How have hedgies been trading VistaPrint Limited (NASDAQ:VPRT)?
Heading into Q2, a total of 12 of the hedge funds we track held long positions in this stock, a change of 33% from the previous quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were increasing their holdings significantly.
When looking at the hedgies we track, Brave Warrior Capital, managed by Glenn Greenberg, holds the biggest position in VistaPrint Limited (NASDAQ:VPRT). Brave Warrior Capital has a $220.6 million position in the stock, comprising 11.6% of its 13F portfolio. Sitting at the No. 2 spot is Marble Arch Investments, managed by Scott McLellan, which held a $25.1 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Edward Goodnow’s Goodnow Investment Group, Lee Hobson’s Highside Capital Management and Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management.
As aggregate interest increased, specific money managers were breaking ground themselves. Marble Arch Investments, managed by Scott McLellan, created the most outsized position in VistaPrint Limited (NASDAQ:VPRT). Marble Arch Investments had 25.1 million invested in the company at the end of the quarter. Lee Hobson’s Highside Capital Management also made a $10.5 million investment in the stock during the quarter. The other funds with new positions in the stock are John Murphy’s Alydar Capital and Matthew Hulsizer’s PEAK6 Capital Management.
Insider trading activity in VistaPrint Limited (NASDAQ:VPRT)
Insider buying is most useful when the company in question has experienced transactions within the past six months. Over the last six-month time period, VistaPrint Limited (NASDAQ:VPRT) has seen 3 unique insiders purchasing, and 4 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to VistaPrint Limited (NASDAQ:VPRT). These stocks are Heartland Payment Systems, Inc. (NYSE:HPY), SYNNEX Corporation (NYSE:SNX), Cardtronics, Inc. (NASDAQ:CATM), Interval Leisure Group, Inc. (NASDAQ:IILG), and Euronet Worldwide, Inc. (NASDAQ:EEFT). This group of stocks are in the business services industry and their market caps are closest to VPRT’s market cap.