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Hollysys Automation Technologies Ltd (HOLI): Insiders Aren’t Crazy About It

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Hollysys Automation Technologies Ltd (NASDAQ:HOLI) was in 4 hedge funds’ portfolio at the end of March. HOLI investors should pay attention to a decrease in enthusiasm from smart money in recent months. There were 5 hedge funds in our database with HOLI positions at the end of the previous quarter.

To the average investor, there are dozens of gauges investors can use to watch stocks. A pair of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outperform the market by a very impressive margin (see just how much).

Just as key, positive insider trading activity is another way to parse down the stock market universe. As the old adage goes: 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 initiate a purchase. Plenty of academic studies have demonstrated the valuable potential of this tactic if you understand what to do (learn more here).

With all of this in mind, let’s take a peek at the key action encompassing Hollysys Automation Technologies Ltd (NASDAQ:HOLI).

Hedge fund activity in Hollysys Automation Technologies Ltd (NASDAQ:HOLI)

At Q1’s end, a total of 4 of the hedge funds we track were long in this stock, a change of -20% from the previous quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their holdings substantially.

Hollysys Automation Technologies Ltd (NASDAQ:HOLI)Of the funds we track, Royce & Associates, managed by Chuck Royce, holds the largest position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI). Royce & Associates has a $6.2 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Coming in second is Citadel Investment Group, managed by Ken Griffin, which held a $3.8 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other hedge funds that are bullish include Jim Simons’s Renaissance Technologies, and Ken Griffin’s Citadel Investment Group.

Because Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has faced bearish sentiment from the smart money, it’s safe to say that there is a sect of money managers that elected to cut their full holdings heading into Q2. At the top of the heap, Mark Kingdon’s Kingdon Capital said goodbye to the largest position of all the hedgies we watch, valued at an estimated $1.7 million in stock., and Israel Englander of Millennium Management was right behind this move, as the fund dropped about $0.6 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest dropped by 1 funds heading into Q2.

Insider trading activity in Hollysys Automation Technologies Ltd (NASDAQ:HOLI)

Insider purchases made by high-level executives is at its handiest when the primary stock in question has experienced transactions within the past six months. Over the last 180-day time frame, Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Hollysys Automation Technologies Ltd (NASDAQ:HOLI). These stocks are Zoltek Companies, Inc. (NASDAQ:ZOLT), Daktronics, Inc. (NASDAQ:DAKT), GrafTech International Ltd (NYSE:GTI), Powell Industries, Inc. (NASDAQ:POWL), and Altra Holdings, Inc. (NASDAQ:AIMC). All of these stocks are in the industrial electrical equipment industry and their market caps resemble HOLI’s market cap.

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