Should You Avoid TESSCO Technologies, Inc. (TESS)?

Page 1 of 2

TESSCO TECHNOLOGIES INCTESSCO Technologies, Inc. (NASDAQ:TESS) was in 4 hedge funds’ portfolio at the end of March. TESS has experienced a decrease in hedge fund sentiment in recent months. There were 4 hedge funds in our database with TESS positions at the end of the previous quarter.

In the financial world, there are plenty of methods market participants can use to analyze Mr. Market. A duo of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite fund managers can trounce the S&P 500 by a superb amount (see just how much).

Equally as beneficial, optimistic insider trading sentiment is another way to break down the marketplace. As the old adage goes: there are many motivations for a bullish insider to drop shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the useful potential of this method if piggybackers know what to do (learn more here).

With these “truths” under our belt, we’re going to take a glance at the key action surrounding TESSCO Technologies, Inc. (NASDAQ:TESS).

How have hedgies been trading TESSCO Technologies, Inc. (NASDAQ:TESS)?

Heading into Q2, a total of 4 of the hedge funds we track were long in this stock, a change of 0% from the previous quarter.

Because TESSCO Technologies, Inc. (NASDAQ:TESS) has faced declining sentiment from the aggregate hedge fund industry, logic holds that there exists a select few funds that decided to sell off their positions entirely at the end of the first quarter. Interestingly, Andy Redleaf’s Whitebox Advisors cut the biggest position of the 450+ funds we watch, worth close to $0.2 million in stock. 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 TESSCO Technologies, Inc. (NASDAQ:TESS)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has experienced transactions within the past 180 days. Over the latest half-year time frame, TESSCO Technologies, Inc. (NASDAQ:TESS) has experienced zero unique insiders purchasing, and 1 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 TESSCO Technologies, Inc. (NASDAQ:TESS). These stocks are Anixter International Inc. (NYSE:AXE), ADDvantage Technologies Group, Inc. (NASDAQ:AEY), Ituran Location and Control Ltd. (US) (NASDAQ:ITRN), VOXX International Corp (NASDAQ:VOXX), and Richardson Electronics, Ltd. (NASDAQ:RELL). This group of stocks belong to the electronics wholesale industry and their market caps match TESS’s market cap.

Page 1 of 2

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

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

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!