Here is What Hedge Funds Think About First Connecticut Bancorp Inc (FBNK)

First Connecticut Bancorp Inc (NASDAQ:FBNK) has experienced an increase in activity from the world’s largest hedge funds recently.

First Connecticut Bancorp Inc (NASDAQ:FBNK)According to most investors, hedge funds are assumed to be worthless, old investment tools of years past. While there are over 8000 funds in operation at present, we at Insider Monkey choose to focus on the crème de la crème of this club, around 450 funds. Most estimates calculate that this group controls the lion’s share of the hedge fund industry’s total asset base, and by monitoring their best stock picks, we have discovered a few investment strategies that have historically outpaced the S&P 500 index. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Equally as integral, positive insider trading sentiment is another way to parse down the marketplace. There are plenty of motivations for a bullish insider to drop shares of his or her company, but just one, very simple reason why they would buy. Various academic studies have demonstrated the market-beating potential of this strategy if investors understand where to look (learn more here).

Consequently, it’s important to take a gander at the recent action encompassing First Connecticut Bancorp Inc (NASDAQ:FBNK).

What have hedge funds been doing with First Connecticut Bancorp Inc (NASDAQ:FBNK)?

Heading into Q2, a total of 7 of the hedge funds we track held long positions in this stock, a change of 40% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were upping their stakes significantly.

According to our comprehensive database, Gruss Asset Management, managed by Howard Guberman, holds the most valuable position in First Connecticut Bancorp Inc (NASDAQ:FBNK). Gruss Asset Management has a $4.1 million position in the stock, comprising 0.6% of its 13F portfolio. Sitting at the No. 2 spot is Michael M. Rothenberg and David Sackler of Moab Capital Partners, with a $2.4 million position; the fund has 1.2% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Jim Simons’s Renaissance Technologies, Bernard Horn’s Polaris Capital Management and John Overdeck and David Siegel’s Two Sigma Advisors.

As industrywide interest jumped, key money managers have been driving this bullishness. Two Sigma Advisors, managed by John Overdeck and David Siegel, created the most valuable position in First Connecticut Bancorp Inc (NASDAQ:FBNK). Two Sigma Advisors had 0.4 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $0.2 million position during the quarter.

What have insiders been doing with First Connecticut Bancorp Inc (NASDAQ:FBNK)?

Insider buying is particularly usable when the company we’re looking at has seen transactions within the past six months. Over the latest half-year time period, First Connecticut Bancorp Inc (NASDAQ:FBNK) has seen 1 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s tactics, everyday investors must always watch hedge fund and insider trading sentiment, and First Connecticut Bancorp Inc (NASDAQ:FBNK) applies perfectly to this mantra.

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!