Is Hancock Holding Company (NASDAQ:HBHC)
a splendid investment today? Money managers are turning bullish. The number of long hedge fund positions moved up by 5 lately.
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Equally as beneficial, positive insider trading sentiment is a second way to parse down the investments you're interested in. Just as you'd expect, there are a number of stimuli for an insider to downsize shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this method if investors know what to do (learn more here
Now, we're going to take a look at the latest action encompassing Hancock Holding Company (NASDAQ:HBHC
What have hedge funds been doing with Hancock Holding Company (NASDAQ:HBHC)?
In preparation for this quarter, a total of 11 of the hedge funds we track were bullish in this stock, a change of 83% from the previous quarter. With the smart money's capital changing hands, there exists a few noteworthy hedge fund managers who were upping their holdings considerably.
According to our comprehensive database, Dreman Value Management
, managed by David Dreman, holds the biggest position in Hancock Holding Company (NASDAQ:HBHC). Dreman Value Management has a $29.8 million position in the stock, comprising 0.8% of its 13F portfolio. On Dreman Value Management's heels is Bryn Mawr Capital
, managed by Ken Gray and Steve Walsh, which held a $14.6 million position; 1.1% of its 13F portfolio is allocated to the company. Remaining hedge funds with similar optimism include John Overdeck and David Siegel's Two Sigma Advisors
, Israel Englander's Millennium Management
and Ken Griffin's Citadel Investment Group
Now, some big names have jumped into Hancock Holding Company (NASDAQ:HBHC) headfirst. Two Sigma Advisors
, managed by John Overdeck and David Siegel, established the most valuable position in Hancock Holding Company (NASDAQ:HBHC). Two Sigma Advisors had 5.8 million invested in the company at the end of the quarter. Israel Englander's Millennium Management
also initiated a $2.6 million position during the quarter. The other funds with brand new HBHC positions are D. E. Shaw's D E Shaw
, Glenn Russell Dubin's Highbridge Capital Management
, and Alec Litowitz and Ross Laser's Magnetar Capital
How are insiders trading Hancock Holding Company (NASDAQ:HBHC)?
Bullish insider trading is best served when the company we're looking at has seen transactions within the past half-year. Over the last half-year time period, Hancock Holding Company (NASDAQ:HBHC) has experienced 1 unique insiders buying, and 3 insider sales (see the details of insider trades here
Let's go over hedge fund and insider activity in other stocks similar to Hancock Holding Company (NASDAQ:HBHC). These stocks are Bank Of The Ozarks Inc (NASDAQ:OZRK
), Trustmark Corp (NASDAQ:TRMK
), F.N.B. Corp (NYSE:FNB
), EverBank Financial Corp (NYSE:EVER
), and First Horizon National Corporation (NYSE:FHN
). This group of stocks are the members of the regional - southeast banks industry and their market caps are similar to HBHC's market cap.