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

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

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!