Here is What Hedge Funds Think About Virginia Commerce Bancorp, Inc. (VCBI)

Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI) was in 6 hedge funds’ portfolio at the end of March. VCBI has experienced a decrease in hedge fund interest recently. There were 7 hedge funds in our database with VCBI holdings at the end of the previous quarter.

To the average investor, there are dozens of indicators shareholders can use to watch stocks. A duo of the most underrated 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 elite hedge fund managers can outpace the S&P 500 by a significant margin (see just how much).

Jane MendilloJust as integral, optimistic insider trading sentiment is a second way to parse down the world of equities. Just as you’d expect, there are lots of reasons for an insider to sell shares of his or her company, but only one, very simple reason why they would buy. Various academic studies have demonstrated the market-beating potential of this tactic if “monkeys” know what to do (learn more here).

Keeping this in mind, we’re going to take a look at the recent action surrounding Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI).

How are hedge funds trading Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI)?

Heading into Q2, a total of 6 of the hedge funds we track were bullish in this stock, a change of -14% from the first quarter. With hedge funds’ capital changing hands, there exists a few key hedge fund managers who were boosting their stakes significantly.

According to our comprehensive database, Harvard Management Co, managed by Jane Mendillo, holds the largest position in Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI). Harvard Management Co has a $10.5 million position in the stock, comprising 0.9% of its 13F portfolio. Sitting at the No. 2 spot is Basswood Capital, managed by Matthew Lindenbaum, which held a $4.7 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Chuck Royce’s Royce & Associates, Jim Simons’s Renaissance Technologies and Paul Touradji’s TOURADJI CAPITAL MANAGEMENT, LP.

Due to the fact that Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI) has witnessed bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there lies a certain “tier” of hedge funds that slashed their full holdings last quarter. Intriguingly, Israel Englander’s Millennium Management cut the biggest position of the 450+ funds we track, comprising an estimated $0.3 million in stock., and Cliff Asness of AQR Capital Management was right behind this move, as the fund dumped about $0.2 million worth. These moves are important to note, as aggregate hedge fund interest dropped by 1 funds last quarter.

Insider trading activity in Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI)

Insider purchases made by high-level executives is particularly usable when the company in focus has experienced transactions within the past half-year. Over the last six-month time period, Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI) has experienced 1 unique insiders buying, and zero insider sales (see the details of insider trades here).

With the returns demonstrated by the aforementioned tactics, retail investors should always keep an eye on hedge fund and insider trading sentiment, and Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI) 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

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

The 5 Most Expensive Cars To Insure in the World

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!