Trustmark Corp (NASDAQ:TRMK)
was in 6 hedge funds' portfolio at the end of the first quarter of 2013. TRMK has experienced a decrease in activity from the world's largest hedge funds recently. There were 6 hedge funds in our database with TRMK positions at the end of the previous quarter.
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Keeping this in mind, we're going to take a glance at the key action regarding Trustmark Corp (NASDAQ:TRMK
What have hedge funds been doing with Trustmark Corp (NASDAQ:TRMK)?
In preparation for this quarter, a total of 6 of the hedge funds we track were long in this stock, a change of 0% from one quarter earlier. With the smart money's capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes meaningfully.
Of the funds we track, Chuck Royce's Royce & Associates
had the biggest position in Trustmark Corp (NASDAQ:TRMK), worth close to $14.5 million, accounting for less than 0.1%% of its total 13F portfolio. On Royce & Associates's heels is Citadel Investment Group
, managed by Ken Griffin, which held a $2.3 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Israel Englander's Millennium Management
, Cliff Asness's AQR Capital Management
and Paul Tudor Jones's Tudor Investment Corp
Judging by the fact that Trustmark Corp (NASDAQ:TRMK) has experienced a declination in interest from the aggregate hedge fund industry, we can see that there lies a certain "tier" of money managers who were dropping their entire stakes in Q1. Intriguingly, Jim Simons's Renaissance Technologies
dumped the largest position of the 450+ funds we monitor, comprising close to $2 million in stock., and D. E. Shaw of D E Shaw was right behind this move, as the fund dumped about $0.7 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
How have insiders been trading Trustmark Corp (NASDAQ:TRMK)?
Insider trading activity, especially when it's bullish, is particularly usable when the company in question has experienced transactions within the past 180 days. Over the latest six-month time frame, Trustmark Corp (NASDAQ:TRMK) has seen zero unique insiders buying, and 3 insider sales (see the details of insider trades here
Let's check out hedge fund and insider activity in other stocks similar to Trustmark Corp (NASDAQ:TRMK). These stocks are IBERIABANK Corporation (NASDAQ:IBKC
), EverBank Financial Corp (NYSE:EVER
), BancorpSouth, Inc. (NYSE:BXS
), Bank Of The Ozarks Inc (NASDAQ:OZRK
), and F.N.B. Corp (NYSE:FNB
). All of these stocks are in the regional - southeast banks industry and their market caps match TRMK's market cap.