Korn/Ferry International (NYSE:KFY) was in 15 hedge funds’ portfolio at the end of March. KFY investors should pay attention to an increase in enthusiasm from smart money of late. There were 12 hedge funds in our database with KFY holdings at the end of the previous quarter.
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Now, let’s take a glance at the latest action encompassing Korn/Ferry International (NYSE:KFY).
What have hedge funds been doing with Korn/Ferry International (NYSE:KFY)?
At Q1’s end, a total of 15 of the hedge funds we track held long positions in this stock, a change of 25% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their stakes significantly.
According to our comprehensive database, Royce & Associates, managed by Chuck Royce, holds the largest position in Korn/Ferry International (NYSE:KFY). Royce & Associates has a $35.9 million position in the stock, comprising 0.1% of its 13F portfolio. The second largest stake is held by Citadel Investment Group, managed by Ken Griffin, which held a $5.1 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Ken Grossman and Glen Schneider’s SG Capital Management, Israel Englander’s Millennium Management and Matthew Lindenbaum’s Basswood Capital.
As aggregate interest increased, key money managers were breaking ground themselves. HBK Investments, managed by David Costen Haley, assembled the most valuable position in Korn/Ferry International (NYSE:KFY). HBK Investments had 0.3 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $0.3 million investment in the stock during the quarter. The other funds with brand new KFY positions are Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners and Ken Griffin’s Citadel Investment Group.
How are insiders trading Korn/Ferry International (NYSE:KFY)?
Insider purchases made by high-level executives is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last six-month time frame, Korn/Ferry International (NYSE:KFY) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Korn/Ferry International (NYSE:KFY). These stocks are DICE HOLDINGS, INC. (NYSE:DHX), Kelly Services, Inc. (NASDAQ:KELYA), AMN Healthcare Services, Inc. (NYSE:AHS), Compass Diversified Holdings (NYSE:CODI), and Trueblue Inc (NYSE:TBI). All of these stocks are in the staffing & outsourcing services industry and their market caps resemble KFY’s market cap.