Standard Motor Products, Inc. (SMP): Hedge Fund and Insider Sentiment Unchanged, What Should You Do?

Page 1 of 2

At the moment, there are dozens of gauges investors can use to watch stocks. A pair of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best money managers can outperform the S&P 500 by a very impressive margin (see just how much).

Just as key, optimistic insider trading activity is another way to analyze the investments you’re interested in. Obviously, there are a variety of motivations for a corporate insider to drop shares of his or her company, but just one, very simple reason why they would behave bullishly. Various empirical studies have demonstrated the market-beating potential of this tactic if piggybackers know what to do (learn more here).

Thus, we’re going to examine the recent info surrounding Standard Motor Products, Inc. (NYSE:SMP).

What have hedge funds been doing with Standard Motor Products, Inc. (NYSE:SMP)?

At Q2′s end, a total of 12 of the hedge funds we track were bullish in this stock, a change of 0% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their stakes substantially.

Standard Motor Products, Inc. (NYSE:SMP)When using filings from the hedgies we track, Royce & Associates, managed by Chuck Royce, holds the biggest position in Standard Motor Products, Inc. (NYSE:SMP). Royce & Associates has a $52.5 million position in the stock, comprising 0.2% of its 13F portfolio. Coming in second is Cliff Asness of AQR Capital Management, with a $14.8 million position; 0.1% of its 13F portfolio is allocated to the stock. Some other hedge funds that are bullish include Mario Gabelli’s GAMCO Investors, Jim Simons’s Renaissance Technologies and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Judging by the fact that Standard Motor Products, Inc. (NYSE:SMP) has faced declining interest from the smart money’s best and brightest, logic holds that there were a few hedgies who were dropping their full holdings at the end of the second quarter. At the top of the heap, Neil Chriss’s Hutchin Hill Capital said goodbye to the largest investment of all the hedgies we watch, comprising close to $1.1 million in stock, and Joel Greenblatt of Gotham Asset Management was right behind this move, as the fund sold off about $0.2 million worth. These transactions are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about Standard Motor Products, Inc. (NYSE:SMP)?

Bullish insider trading is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest half-year time period, Standard Motor Products, Inc. (NYSE:SMP) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Standard Motor Products, Inc. (NYSE:SMP). These stocks are Meritor Inc (NYSE:MTOR), Superior Industries International Inc. (NYSE:SUP), Gentherm Inc (NASDAQ:THRM), Remy International Inc (NASDAQ:REMY), and Federal-Mogul Corporation (NASDAQ:FDML). This group of stocks are the members of the auto parts industry and their market caps match SMP’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 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

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

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!