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Robert Half International Inc. (NYSE:RHI): Insiders Are Dumping, Should You?

Robert Half International Inc. (NYSE:RHI) has experienced a decrease in hedge fund interest recently.

At the moment, there are tons of metrics investors can use to watch the equity markets. A couple of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outpace the S&P 500 by a solid margin (see just how much).

Just as key, positive insider trading sentiment is another way to break down the stock market universe. Just as you’d expect, there are many reasons for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this tactic if investors know what to do (learn more here).

Now, let’s take a glance at the key action surrounding Robert Half International Inc. (NYSE:RHI).

What have hedge funds been doing with Robert Half International Inc. (NYSE:RHI)?

At year’s end, a total of 22 of the hedge funds we track were bullish in this stock, a change of -21% from the third quarter. With hedgies’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their holdings meaningfully.

Of the funds we track, Ken Griffin’s Citadel Investment Group had the most valuable position in Robert Half International Inc. (NYSE:RHI), worth close to $90 million, accounting for 0.1% of its total 13F portfolio. On Citadel Investment Group’s heels is Chuck Royce of Royce & Associates, with a $67 million position; 2.7% of its 13F portfolio is allocated to the company. Other peers with similar optimism include Christopher Lord’s Criterion Capital, Clint Carlson’s Carlson Capital and Alexander Mitchell’s Scopus Asset Management.

Due to the fact that Robert Half International Inc. (NYSE:RHI) has faced declining sentiment from the aggregate hedge fund industry, we can see that there is a sect of hedge funds who sold off their full holdings at the end of the year. Intriguingly, SAC Subsidiary’s Sigma Capital Management said goodbye to the biggest stake of all the hedgies we track, valued at an estimated $9 million in stock.. Jeffrey Vinik’s fund, Vinik Asset Management, also said goodbye to its stock, about $8 million worth. These transactions are interesting, as total hedge fund interest dropped by 6 funds at the end of the year.

What do corporate executives and insiders think about Robert Half International Inc. (NYSE:RHI)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has experienced transactions within the past six months. Over the last 180-day time period, Robert Half International Inc. (NYSE:RHI) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

With the returns demonstrated by our time-tested strategies, everyday investors must always monitor hedge fund and insider trading sentiment, and Robert Half International Inc. (NYSE:RHI) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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