Should You Buy GenMark Diagnostics, Inc (GNMK)?

Page 1 of 2

Is GenMark Diagnostics, Inc (NASDAQ:GNMK) a good investment right now? The best stock pickers are taking an optimistic view. The number of bullish hedge fund bets advanced by 1 in recent months.

GenMark Diagnostics, Inc (NASDAQ:GNMK)

If you’d ask most stock holders, hedge funds are perceived as slow, old financial vehicles of the past. While there are over 8000 funds trading at the moment, we hone in on the elite of this group, around 450 funds. Most estimates calculate that this group has its hands on most of all hedge funds’ total asset base, and by keeping an eye on their best equity investments, we have revealed a number of investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Just as beneficial, positive insider trading sentiment is a second way to break down the financial markets. Obviously, there are a number of incentives for an insider to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many academic studies have demonstrated the impressive potential of this strategy if investors know what to do (learn more here).

With all of this in mind, let’s take a glance at the key action surrounding GenMark Diagnostics, Inc (NASDAQ:GNMK).

What have hedge funds been doing with GenMark Diagnostics, Inc (NASDAQ:GNMK)?

In preparation for this quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of 13% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings meaningfully.

When looking at the hedgies we track, Stephen DuBois’s Camber Capital Management had the biggest position in GenMark Diagnostics, Inc (NASDAQ:GNMK), worth close to $12.3 million, accounting for 1% of its total 13F portfolio. The second largest stake is held by Driehaus Capital, managed by Richard Driehaus, which held a $8 million position; 0.3% of its 13F portfolio is allocated to the stock. Some other hedgies that hold long positions include Sean Cullinan’s Point State Capital, Phill Gross and Robert Atchinson’s Adage Capital Management and Anand Parekh’s Alyeska Investment Group.

As one would reasonably expect, key money managers were breaking ground themselves. Point State Capital, managed by Sean Cullinan, assembled the most valuable position in GenMark Diagnostics, Inc (NASDAQ:GNMK). Point State Capital had 6.8 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $0.2 million position during the quarter. The only other fund with a new position in the stock is Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Insider trading activity in GenMark Diagnostics, Inc (NASDAQ:GNMK)

Insider purchases made by high-level executives is most useful when the primary stock in question has seen transactions within the past 180 days. Over the last 180-day time period, GenMark Diagnostics, Inc (NASDAQ:GNMK) has experienced zero unique insiders buying, and 6 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to GenMark Diagnostics, Inc (NASDAQ:GNMK). These stocks are Cardiovascular Systems Inc (NASDAQ:CSII), Natus Medical Inc (NASDAQ:BABY), Invacare Corporation (NYSE:IVC), Symmetry Medical Inc. (NYSE:SMA), and Cynosure, Inc. (NASDAQ:CYNO). This group of stocks are the members of the medical appliances & equipment industry and their market caps are similar to GNMK’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 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

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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!