Hedge Funds Aren’t Crazy About Maidenform Brands, Inc. (MFB) Anymore

Page 1 of 2

Maidenform Brands, Inc. (NYSE:MFB) has experienced a decrease in activity from the world’s largest hedge funds lately.

If you’d ask most traders, hedge funds are seen as worthless, old investment tools of yesteryear. While there are more than 8000 funds with their doors open today, we at Insider Monkey hone in on the masters of this group, close to 450 funds. Most estimates calculate that this group has its hands on the majority of the smart money’s total capital, and by keeping an eye on their best investments, we have unearthed a few investment strategies that have historically beaten the S&P 500 index. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Just as beneficial, bullish insider trading sentiment is another way to parse down the financial markets. As the old adage goes: there are lots of reasons for an executive to sell shares of his or her company, but just one, very clear reason why they would initiate a purchase. Various academic studies have demonstrated the market-beating potential of this method if “monkeys” understand where to look (learn more here).

Keeping this in mind, it’s important to take a gander at the latest action encompassing Maidenform Brands, Inc. (NYSE:MFB).

How have hedgies been trading Maidenform Brands, Inc. (NYSE:MFB)?

At the end of the first quarter, a total of 7 of the hedge funds we track were long in this stock, a change of -13% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their stakes meaningfully.

Maidenform Brands, Inc. (NYSE:MFB)Of the funds we track, Chuck Royce’s Royce & Associates had the most valuable position in Maidenform Brands, Inc. (NYSE:MFB), worth close to $39.6 million, accounting for 0.1% of its total 13F portfolio. Coming in second is Citadel Investment Group, managed by Ken Griffin, which held a $1.8 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other peers that hold long positions include D. E. Shaw’s D E Shaw, Joel Greenblatt’s Gotham Asset Management and Cliff Asness’s AQR Capital Management.

Since Maidenform Brands, Inc. (NYSE:MFB) has experienced declining sentiment from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of money managers who were dropping their full holdings heading into Q2. It’s worth mentioning that Andy Redleaf’s Whitebox Advisors cut the largest investment of all the hedgies we track, totaling close to $1.2 million in stock., and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital was right behind this move, as the fund sold off about $0 million worth. These transactions are interesting, as total hedge fund interest was cut by 1 funds heading into Q2.

What have insiders been doing with Maidenform Brands, Inc. (NYSE:MFB)?

Insider trading activity, especially when it’s bullish, is best served when the company in focus has experienced transactions within the past six months. Over the latest six-month time period, Maidenform Brands, Inc. (NYSE:MFB) has seen zero unique insiders buying, and 2 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Maidenform Brands, Inc. (NYSE:MFB). These stocks are Oxford Industries, Inc. (NYSE:OXM), G-III Apparel Group, Ltd. (NASDAQ:GIII), American Apparel Inc. (NYSEAMEX:APP), True Religion Apparel, Inc. (NASDAQ:TRLG), and Perry Ellis International, Inc. (NASDAQ:PERY). This group of stocks belong to the textile – apparel clothing industry and their market caps are similar to MFB’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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!