Solazyme Inc (SZYM): Are Hedge Funds Right About This Stock? – LSB Industries, Inc. (LXU), FutureFuel Corp. (FF)

Page 1 of 2

Solazyme Inc (NASDAQ:SZYM) shareholders have witnessed an increase in hedge fund interest lately.

At the moment, there are many gauges investors can use to track publicly traded companies. Two of the most useful 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 top money managers can beat the S&P 500 by a healthy amount (see just how much).

Solazyme Inc

Equally as important, positive insider trading sentiment is another way to break down the financial markets. As the old adage goes: there are plenty of reasons for an executive to sell shares of his or her company, but only one, very clear reason why they would buy. Plenty of empirical studies have demonstrated the useful potential of this tactic if piggybackers know where to look (learn more here).

Consequently, it’s important to take a glance at the key action regarding Solazyme Inc (NASDAQ:SZYM).

How have hedgies been trading Solazyme Inc (NASDAQ:SZYM)?

In preparation for this year, a total of 10 of the hedge funds we track were bullish in this stock, a change of 150% from the third quarter. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes considerably.

According to our comprehensive database, SAC Capital Advisors, managed by Steven Cohen, holds the most valuable position in Solazyme Inc (NASDAQ:SZYM). SAC Capital Advisors has a $11.2 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is BlueCrest Capital Mgmt., managed by Michael Platt and William Reeves, which held a $2.2 million position; 0.3% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, John Burbank’s Passport Capital and Andrew R. Midler’s Savitr Capital.

Consequently, key hedge funds were leading the bulls’ herd. Renaissance Technologies, managed by Jim Simons, assembled the largest position in Solazyme Inc (NASDAQ:SZYM). Renaissance Technologies had 2 million invested in the company at the end of the quarter. John Burbank’s Passport Capital also initiated a $1.4 million position during the quarter. The following funds were also among the new SZYM investors: Andrew R. Midler’s Savitr Capital, Mark Kingdon’s Kingdon Capital, and D. E. Shaw’s D E Shaw.

What do corporate executives and insiders think about Solazyme Inc (NASDAQ:SZYM)?

Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has seen transactions within the past 180 days. Over the last half-year time period, Solazyme Inc (NASDAQ:SZYM) has seen 2 unique insiders purchasing, and 6 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Solazyme Inc (NASDAQ:SZYM). These stocks are LSB Industries, Inc. (NYSE:LXU), Aceto Corporation (NASDAQ:ACET), Landec Corporation (NASDAQ:LNDC), Rentech, Inc. (NYSEAMEX:RTK), and FutureFuel Corp. (NYSE:FF). This group of stocks belong to the chemicals – major diversified industry and their market caps resemble SZYM’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!