Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About Fidelity Southern Corporation (LION)

Page 1 of 2

At Insider Monkey we follow around 730 of the best-performing investors and even though many of them lost money in the last several months, the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable for us to imitate their activity. Of course, even the best money managers can sometimes get it wrong, but following some of their picks gives us a better chance to outperform the crowd than picking a random stock and this is where our research comes in.

Fidelity Southern Corporation (NASDAQ:LION) investors should pay attention to a decrease in activity from the world’s largest hedge funds lately. LION was in 16 hedge funds’ portfolios at the end of September. There were 17 hedge funds in our database with LION holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), K12 Inc. (NYSE:LRN), and Computer Programs & Systems, Inc. (NASDAQ:CPSI) to gather more data points.

Follow Fidelity Southern Corp (NYSE:LION)
Trade (NYSE:LION) Now!

If you’d ask most investors, hedge funds are viewed as worthless, old investment vehicles of yesteryear. While there are greater than 8000 funds trading at the moment, We look at the bigwigs of this club, about 700 funds. These investment experts handle most of all hedge funds’ total capital, and by monitoring their inimitable investments, Insider Monkey has discovered a number of investment strategies that have historically outperformed the market. Insider Monkey’s small-cap hedge fund strategy surpassed the S&P 500 index by 12 percentage points per year for a decade in their back tests.

With all of this in mind, let’s take a look at the new action surrounding Fidelity Southern Corporation (NASDAQ:LION).

What does the smart money think about Fidelity Southern Corporation (NASDAQ:LION)?

At the Q3’s end, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a drop of 6% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Mark Lee’s Forest Hill Capital has the biggest position in Fidelity Southern Corporation (NASDAQ:LION), worth close to $20 million, comprising 1.9% of its total 13F portfolio. On Forest Hill Capital’s heels is Jim Simons’ Renaissance Technologies, which holds a $10.6 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Other professional money managers that hold long positions comprise Chuck Royce’s Royce & Associates, Anton Schutz’s Mendon Capital Advisors and Ken Gray and Steve Walsh’s Bryn Mawr Capital.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!