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