Mag Silver Corp (USA) (MVG): Hedge Funds and Insiders Are Bearish, What Should You Do?

Page 1 of 2

Is Mag Silver Corp (USA) (NYSEAMEX:MVG) worth your attention right now? Money managers are becoming less hopeful. The number of long hedge fund positions stayed the same which is a slightly negative development in our experience

In the 21st century investor’s toolkit, there are a multitude of methods shareholders can use to monitor the equity markets. A couple of the most useful are hedge fund and insider trading interest. 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 solid amount (see just how much).

Equally as beneficial, optimistic insider trading sentiment is a second way to parse down the marketplace. As the old adage goes: there are plenty of stimuli for an executive to drop shares of his or her company, but only one, very simple reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this tactic if “monkeys” understand where to look (learn more here).

With all of this in mind, it’s important to take a gander at the key action regarding Mag Silver Corp (USA) (NYSEAMEX:MVG).

How have hedgies been trading Mag Silver Corp (USA) (NYSEAMEX:MVG)?

Heading into Q2, a total of 8 of the hedge funds we track were long in this stock, a change of 0% from the first quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their holdings substantially.

Mag Silver Corp (USA) (NYSEAMEX:MVG)When looking at the hedgies we track, Sprott Asset Management, managed by Eric Sprott, holds the most valuable position in Mag Silver Corp (USA) (NYSEAMEX:MVG). Sprott Asset Management has a $26.2 million position in the stock, comprising 3.4% of its 13F portfolio. The second largest stake is held by Peter Franklin Palmedo of Sun Valley Gold, with a $9.4 million position; 0.3% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include D. E. Shaw’s D E Shaw, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners and Chuck Royce’s Royce & Associates.

Judging by the fact that Mag Silver Corp (USA) (NYSEAMEX:MVG) has faced declining sentiment from the smart money, it’s easy to see that there lies a certain “tier” of hedge funds that slashed their entire stakes in Q1. It’s worth mentioning that Jim Simons’s Renaissance Technologies dropped the biggest position of the 450+ funds we watch, totaling close to $0.1 million in stock. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

How have insiders been trading Mag Silver Corp (USA) (NYSEAMEX:MVG)?

Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last six-month time frame, Mag Silver Corp (USA) (NYSEAMEX:MVG) has seen zero unique insiders buying, 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 Mag Silver Corp (USA) (NYSEAMEX:MVG). These stocks are First Majestic Silver Corp (NYSE:AG), Hecla Mining Company (NYSE:HL), Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), Silvercorp Metals Inc. (USA) (NYSE:SVM), and Endeavour Silver Corp. (CAN) (NYSE:EXK). This group of stocks are the members of the silver industry and their market caps match MVG’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!