Hedge Funds Aren’t Crazy About Polypore International, Inc. (PPO) Anymore

Polypore International, Inc. (NYSE:PPO)Polypore International, Inc. (NYSE:PPO) has experienced a decrease in hedge fund interest of late. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

To the average investor, there are tons of gauges market participants can use to track publicly traded companies. A couple of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best money managers can outclass the S&P 500 by a superb amount (see just how much).

Just as important, bullish insider trading sentiment is another way to break down the world of equities. There are plenty of incentives for a corporate insider to get rid of shares of his or her company, but just one, very obvious reason why they would buy. Plenty of empirical studies have demonstrated the valuable potential of this method if shareholders understand where to look (learn more here).

Consequently, we’re going to take a gander at the recent action regarding Polypore International, Inc. (NYSE:PPO).

What have hedge funds been doing with Polypore International, Inc. (NYSE:PPO)?

Heading into Q2, a total of 12 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their stakes significantly.

When looking at the hedgies we track, Longview Asset Management, managed by James A. Star, holds the most valuable position in Polypore International, Inc. (NYSE:PPO). Longview Asset Management has a $140.7 million position in the stock, comprising 4.7% of its 13F portfolio. On Longview Asset Management’s heels is Generation Investment Management, managed by David Blood and Al Gore, which held a $105.4 million position; 2.1% of its 13F portfolio is allocated to the stock. Remaining hedgies that hold long positions include Christopher Medlock James’s Partner Fund Management, Edward Goodnow’s Goodnow Investment Group and John A. Levin’s Levin Capital Strategies.

Seeing as Polypore International, Inc. (NYSE:PPO) has faced bearish sentiment from the smart money, logic holds that there exists a select few hedgies that slashed their entire stakes last quarter. Intriguingly, Drew Cupps’s Cupps Capital Management said goodbye to the largest stake of all the hedgies we monitor, valued at close to $13.6 million in stock., and James Dondero of Highland Capital Management was right behind this move, as the fund said goodbye to about $5.8 million worth.

What have insiders been doing with Polypore International, Inc. (NYSE:PPO)?

Insider purchases made by high-level executives is at its handiest when the company we’re looking at has experienced transactions within the past six months. Over the latest half-year time period, Polypore International, Inc. (NYSE:PPO) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

With the results exhibited by the aforementioned studies, retail investors must always monitor hedge fund and insider trading activity, and Polypore International, Inc. (NYSE:PPO) is no exception.

Click here to learn why you should track hedge funds

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

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

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!