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Is Symmetricom, Inc. (SYMM) Going to Burn These Hedge Funds?

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Symmetricom, Inc. (NASDAQ:SYMM) was in 11 hedge funds’ portfolio at the end of the first quarter of 2013. SYMM investors should be aware of an increase in support from the world’s most elite money managers of late. There were 10 hedge funds in our database with SYMM positions at the end of the previous quarter.

To the average investor, there are tons of gauges investors can use to analyze their holdings. A duo of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best investment managers can beat their index-focused peers by a healthy margin (see just how much).

Equally as beneficial, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. Obviously, there are many reasons for a bullish insider to sell shares of his or her company, but just one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this tactic if shareholders know what to do (learn more here).

With all of this in mind, we’re going to take a look at the recent action surrounding Symmetricom, Inc. (NASDAQ:SYMM).

How are hedge funds trading Symmetricom, Inc. (NASDAQ:SYMM)?

Heading into Q2, a total of 11 of the hedge funds we track were long in this stock, a change of 10% from the first quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were upping their stakes substantially.

Symmetricom, Inc. (NASDAQ:SYMM)Of the funds we track, Chuck Royce’s Royce & Associates had the biggest position in Symmetricom, Inc. (NASDAQ:SYMM), worth close to $6.6 million, accounting for less than 0.1%% of its total 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $6.5 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include David Einhorn’s Greenlight Capital, D. E. Shaw’s D E Shaw and Israel Englander’s Millennium Management.

Now, some big names were breaking ground themselves. Becker Drapkin Management, managed by Matthew Drapkin and Steven R. Becker, initiated the most valuable position in Symmetricom, Inc. (NASDAQ:SYMM). Becker Drapkin Management had 0.4 million invested in the company at the end of the quarter. Jason F. Harris’s Kendall Square Capital also made a $0.2 million investment in the stock during the quarter. The only other fund with a brand new SYMM position is Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

How have insiders been trading Symmetricom, Inc. (NASDAQ:SYMM)?

Insider purchases made by high-level executives is best served when the company in focus has seen transactions within the past 180 days. Over the last six-month time period, Symmetricom, Inc. (NASDAQ:SYMM) has experienced zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Symmetricom, Inc. (NASDAQ:SYMM). These stocks are Ceragon Networks Ltd. (NASDAQ:CRNT), ShoreTel, Inc. (NASDAQ:SHOR), Mitel Networks Corporation (NASDAQ:MITL), Aviat Networks Inc (NASDAQ:AVNW), and KVH Industries, Inc. (NASDAQ:KVHI). This group of stocks belong to the communication equipment industry and their market caps are closest to SYMM’s market cap.

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