This Metric Says You Are Smart to Sell Cascade Corporation (CASC)

Page 1 of 2

Is Cascade Corporation (NYSE:CASC) ready to rally soon? Investors who are in the know are taking a bearish view. The number of bullish hedge fund positions decreased by 5 lately.

Cascade Corporation (NYSE:CASC)If you’d ask most market participants, hedge funds are perceived as worthless, outdated investment tools of yesteryear. While there are greater than 8000 funds in operation at the moment, we choose to focus on the top tier of this club, about 450 funds. It is widely believed that this group has its hands on the majority of the hedge fund industry’s total asset base, and by tracking their top investments, we have identified a number of investment strategies that have historically outstripped the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Just as integral, positive insider trading activity is a second way to parse down the world of equities. There are many stimuli for an executive to sell shares of his or her company, but only one, very obvious reason why they would buy. Various academic studies have demonstrated the useful potential of this tactic if “monkeys” understand where to look (learn more here).

Keeping this in mind, let’s take a gander at the key action regarding Cascade Corporation (NYSE:CASC).

How have hedgies been trading Cascade Corporation (NYSE:CASC)?

At the end of the first quarter, a total of 8 of the hedge funds we track held long positions in this stock, a change of -38% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their holdings meaningfully.

According to our comprehensive database, John Paulson’s Paulson & Co had the largest position in Cascade Corporation (NYSE:CASC), worth close to $58.5 million, accounting for 0.3% of its total 13F portfolio. The second largest stake is held by Cliff Asness of AQR Capital Management, with a $47.7 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Remaining peers that are bullish include Jean-Marie Eveillard’s First Eagle Investment Management, Matthew Tewksbury’s Stevens Capital Management and Jim Simons’s Renaissance Technologies.

Because Cascade Corporation (NYSE:CASC) has faced a declination in interest from the entirety of the hedge funds we track, logic holds that there were a few fund managers that elected to cut their full holdings last quarter. At the top of the heap, Robert Emil Zoellner’s Alpine Associates said goodbye to the largest investment of all the hedgies we watch, totaling an estimated $30.8 million in stock.. Chuck Royce’s fund, Royce & Associates, also dropped its stock, about $6.3 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest dropped by 5 funds last quarter.

What have insiders been doing with Cascade Corporation (NYSE:CASC)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has seen transactions within the past 180 days. Over the latest six-month time frame, Cascade Corporation (NYSE:CASC) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Cascade Corporation (NYSE:CASC). These stocks are NACCO Industries, Inc. (NYSE:NC), Columbus McKinnon Corp. (NASDAQ:CMCO), Alamo Group, Inc. (NYSE:ALG), Lindsay Corporation (NYSE:LNN), and Astec Industries, Inc. (NASDAQ:ASTE). All of these stocks are in the farm & construction machinery industry and their market caps match CASC’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 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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!