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

Page 1 of 2

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) was in 8 hedge funds’ portfolio at the end of the fourth quarter of 2012. SWIR investors should be aware of a decrease in hedge fund interest of late. There were 9 hedge funds in our database with SWIR positions at the end of the previous quarter.

In the financial world, there are tons of methods shareholders can use to analyze publicly traded companies. A couple of the best are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best money managers can outpace the market by a significant margin (see just how much).

Equally as beneficial, bullish insider trading sentiment is another way to break down the marketplace. There are a number of motivations for an executive to cut shares of his or her company, but only one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this method if you understand what to do (learn more here).

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

What have hedge funds been doing with Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)?

In preparation for this year, a total of 8 of the hedge funds we track held long positions in this stock, a change of -11% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were boosting their holdings substantially.

Of the funds we track, Roumell Asset Management, managed by Jim Roumell, holds the biggest position in Sierra Wireless, Inc. (USA) (NASDAQ:SWIR). Roumell Asset Management has a $9.1 million position in the stock, comprising 5.8% of its 13F portfolio. On Roumell Asset Management’s heels is Peter A. Wright of P.A.W. CAPITAL PARTNERS, with a $2.2 million position; 1.7% of its 13F portfolio is allocated to the stock. Some other hedge funds with similar optimism include Jim Simons’s Renaissance Technologies, Israel Englander’s Millennium Management and John Overdeck and David Siegel’s Two Sigma Advisors.

Because Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has witnessed a declination in interest from the entirety of the hedge funds we track, it’s easy to see that there lies a certain “tier” of hedgies who sold off their full holdings heading into 2013. Interestingly, Mark A. Nordlicht’s Platinum Management cut the largest stake of the 450+ funds we watch, worth close to $0.1 million in stock. These bearish behaviors are interesting, as total hedge fund interest was cut by 1 funds heading into 2013.

What do corporate executives and insiders think about Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)?

Bullish insider trading is particularly usable when the company we’re looking at has experienced transactions within the past 180 days. Over the last half-year time frame, Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Sierra Wireless, Inc. (USA) (NASDAQ:SWIR). These stocks are Comtech Telecomm. Corp. (NASDAQ:CMTL), Calix Inc (NYSE:CALX), Allot Communications Ltd. (NASDAQ:ALLT), CalAmp Corp. (NASDAQ:CAMP), and Exfo Inc (NASDAQ:EXFO). This group of stocks belong to the communication equipment industry and their market caps are similar to SWIR’s market cap.

Page 1 of 2
Comments
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

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!