This Metric Says You Are Smart to Buy Glu Mobile Inc. (GLUU)

Page 1 of 2

Glu Mobile Inc. (NASDAQ:GLUU): do you own it, or are you considering owning it? This article’s for you.

Now, according to many market players, hedge funds are seen as useless, old investment tools of a forgotten age. Although there are more than 8,000 hedge funds trading today, Insider Monkey focuses on the elite of this club, close to 525 funds. It is widely held that this group controls most of the smart money’s total assets, and by monitoring their best equity investments, we’ve uncovered a number of investment strategies that have historically beaten the S&P 500. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points annually 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 trumped the S&P 500 index by 33 percentage points in 11 months (find the details here).

Just as crucial, positive insider trading sentiment is another way to look at the financial markets. Just as you’d expect, there are a variety of incentives for an insider to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the useful potential of this tactic if investors know where to look (learn more here).

Thus, it’s important to discuss the latest info for Glu Mobile Inc. (NASDAQ:GLUU).

Glu Mobile Inc. (NASDAQ:GLUU)

How have hedgies been trading Glu Mobile Inc. (NASDAQ:GLUU)?

At the end of the second quarter, a total of 7 of the hedge funds we track were bullish in this stock, a change of 40% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their stakes considerably.

When using filings from the hedgies we track, Archon Capital Management, managed by Constantinos J. Christofilis, holds the most valuable position in Glu Mobile Inc. (NASDAQ:GLUU). Archon Capital Management has a $2.5 million position in the stock, comprising 1.1% of its 13F portfolio. On Archon Capital Management’s heels is Cannell Capital, managed by J. Carlo Cannell, which held a $1.4 million position; 0.8% of its 13F portfolio is allocated to the company. Some other hedgies that hold long positions include Cliff Asness’s AQR Capital Management, Ken Griffin’s Citadel Investment Group.

Now, certain bigger names have jumped into Glu Mobile Inc. (NASDAQ:GLUU) headfirst. Archon Capital Management, managed by Constantinos J. Christofilis, established the most outsized position in Glu Mobile Inc. (NASDAQ:GLUU). Archon Capital Management had 2.5 million invested in the company at the end of the quarter. J. Carlo Cannell’s Cannell Capital also made a $1.4 million investment in the stock during the quarter. The following funds were also among the new GLUU investors: Cliff Asness’s AQR Capital Management, Ken Griffin’s Citadel Investment Group.

Insider trading activity in Glu Mobile Inc. (NASDAQ:GLUU)

Insider buying is at its handiest when the company in question has experienced transactions within the past six months. Over the latest six-month time period, Glu Mobile Inc. (NASDAQ:GLUU) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Glu Mobile Inc. (NASDAQ:GLUU). These stocks are The9 Limited (ADR) (NASDAQ:NCTY), Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD), Rosetta Stone Inc (NYSE:RST), KongZhong Corporation (ADR) (NASDAQ:KONG), and Avid Technology, Inc. (NASDAQ:AVID). This group of stocks belong to the multimedia & graphics software industry and their market caps match GLUU’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

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways 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

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!