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
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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

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

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!