This Metric Says You Are Smart to Buy Tuesday Morning Corporation (TUES)

Page 1 of 2

Is Tuesday Morning Corporation (NASDAQ:TUES) a buy right now? The smart money is taking an optimistic view. The number of bullish hedge fund bets advanced by 7 recently.

Tuesday Morning Corporation

At the moment, there are dozens of indicators market participants can use to watch Mr. Market. A couple of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can trounce the S&P 500 by a superb margin (see just how much).

Equally as important, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. There are a number of stimuli for a bullish insider to drop shares of his or her company, but only one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the impressive potential of this method if piggybackers understand what to do (learn more here).

Keeping this in mind, let’s take a look at the latest action encompassing Tuesday Morning Corporation (NASDAQ:TUES).

What have hedge funds been doing with Tuesday Morning Corporation (NASDAQ:TUES)?

At Q1′s end, a total of 13 of the hedge funds we track were long in this stock, a change of 117% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes meaningfully.

According to our comprehensive database, Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management had the largest position in Tuesday Morning Corporation (NASDAQ:TUES), worth close to $29.7 million, accounting for 19% of its total 13F portfolio. Coming in second is Chuck Royce of Royce & Associates, with a $2.9 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Israel Englander’s Millennium Management, Richard Driehaus’s Driehaus Capital and Glenn Russell Dubin’s Highbridge Capital Management.

As one would reasonably expect, specific money managers have jumped into Tuesday Morning Corporation (NASDAQ:TUES) headfirst. Driehaus Capital, managed by Richard Driehaus, established the most valuable position in Tuesday Morning Corporation (NASDAQ:TUES). Driehaus Capital had 1.8 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $0.7 million position during the quarter. The other funds with brand new TUES positions are Ken Griffin’s Citadel Investment Group, Ken Gray and Steve Walsh’s Bryn Mawr Capital, and Steven Cohen’s SAC Capital Advisors.

How have insiders been trading Tuesday Morning Corporation (NASDAQ:TUES)?

Insider purchases made by high-level executives is best served when the company in focus has seen transactions within the past 180 days. Over the last half-year time period, Tuesday Morning Corporation (NASDAQ:TUES) has experienced 4 unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Tuesday Morning Corporation (NASDAQ:TUES). These stocks are Family Dollar Stores, Inc. (NYSE:FDO), Alco Stores Inc (NASDAQ:ALCS), PriceSmart, Inc. (NASDAQ:PSMT), Big Lots, Inc. (NYSE:BIG), and Fred’s, Inc. (NASDAQ:FRED). All of these stocks are in the discount, variety stores industry and their market caps match TUES’s market cap.

Page 1 of 2
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

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

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!