What Hedge Funds and Insiders Think About Quiksilver, Inc. (ZQK)

Page 1 of 2

In today’s marketplace, there are tons of gauges investors can use to watch the equity markets. Some 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 elite investment managers can outperform the S&P 500 by a significant margin (see just how much).

Equally as necessary, positive insider trading sentiment is a second way to look at the financial markets. Just as you’d expect, there are plenty of stimuli for a corporate insider to sell shares of his or her company, but only one, very clear reason why they would buy. Plenty of empirical studies have demonstrated the market-beating potential of this method if you understand where to look (learn more here).

Keeping this in mind, let’s discuss the recent info about Quiksilver, Inc. (NYSE:ZQK).

What does the smart money think about Quiksilver, Inc. (NYSE:ZQK)?

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

Quiksilver, Inc. (NYSE:ZQK)According to our 13F database, Royce & Associates, managed by Chuck Royce, holds the largest position in Quiksilver, Inc. (NYSE:ZQK). Royce & Associates has a $12.6 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Sitting at the No. 2 spot is Miura Global Management, managed by Pasco Alfaro / Richard Tumure, which held a $7.9 million position; the fund has 1% of its 13F portfolio invested in the stock. Other peers that hold long positions include Lisa Rapuano’s Lane Five Capital, Scott Sinclair and Laurence Chang’s Cascabel Management and Bruce Kovner’s Caxton Associates LP.

As Quiksilver, Inc. (NYSE:ZQK) has witnessed bearish sentiment from the entirety of the hedge funds we track, we can see that there exists a select few money managers that decided to sell off their positions entirely last quarter. Intriguingly, Jim Simons’s Renaissance Technologies cut the biggest position of the 450+ funds we key on, worth an estimated $6.1 million in stock. Peter Rathjens Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also said goodbye to its stock, about $2.7 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in Quiksilver, Inc. (NYSE:ZQK)

Insider buying made by high-level executives is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest half-year time period, Quiksilver, Inc. (NYSE:ZQK) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Quiksilver, Inc. (NYSE:ZQK). These stocks are Columbia Sportswear Company (NASDAQ:COLM), UniFirst Corp (NYSE:UNF), True Religion Apparel, Inc. (NASDAQ:TRLG), G-III Apparel Group, Ltd. (NASDAQ:GIII), and Oxford Industries, Inc. (NYSE:OXM). This group of stocks are the members of the textile – apparel clothing industry and their market caps match ZQK’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

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

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

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!