Is Glimcher Realty Trust (GRT) Going to Burn These Hedge Funds?

Page 1 of 2

Glimcher Realty Trust (NYSE:GRT)Is Glimcher Realty Trust (NYSE:GRT) going to take off soon? Hedge funds are getting less optimistic. The number of bullish hedge fund positions retreated by 1 lately.

To the average investor, there are tons of methods market participants can use to analyze stocks. A duo 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 best hedge fund managers can outclass the S&P 500 by a healthy amount (see just how much).

Equally as key, positive insider trading activity is a second way to parse down the investments you’re interested in. Obviously, there are a number of stimuli for an upper level exec to sell shares of his or her company, but just one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the useful potential of this strategy if shareholders know where to look (learn more here).

With these “truths” under our belt, it’s important to take a peek at the recent action surrounding Glimcher Realty Trust (NYSE:GRT).

What have hedge funds been doing with Glimcher Realty Trust (NYSE:GRT)?

At year’s end, a total of 5 of the hedge funds we track held long positions in this stock, a change of -17% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings considerably.

Of the funds we track, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in Glimcher Realty Trust (NYSE:GRT). Citadel Investment Group has a $12.3 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by D E Shaw, managed by D. E. Shaw, which held a $2.6 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Israel Englander’s Millennium Management, Cliff Asness’s AQR Capital Management and Jim Simons’s Renaissance Technologies.

Because Glimcher Realty Trust (NYSE:GRT) has experienced declining sentiment from the aggregate hedge fund industry, logic holds that there lies a certain “tier” of hedge funds that elected to cut their full holdings in Q4. At the top of the heap, Jeffrey Furber’s AEW Capital Management sold off the biggest investment of all the hedgies we key on, comprising close to $0.5 million in stock. These moves are interesting, as aggregate hedge fund interest fell by 1 funds in Q4.

Insider trading activity in Glimcher Realty Trust (NYSE:GRT)

Bullish insider trading is most useful when the company we’re looking at has experienced transactions within the past 180 days. Over the latest 180-day time period, Glimcher Realty Trust (NYSE:GRT) has seen zero unique insiders buying, and 3 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Glimcher Realty Trust (NYSE:GRT). These stocks are EPR Properties (NYSE:EPR), Hersha Hospitality Trust (NYSE:HT), Washington Real Estate Investment Trust (NYSE:WRE), Northstar Realty Finance Corp. (NYSE:NRF), and Alexander’s, Inc. (NYSE:ALX). This group of stocks are in the reit – retail industry and their market caps match GRT’s market cap.

Page 1 of 2
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

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

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!