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Just as crucial, optimistic insider trading activity is another way to analyze the investments you're interested in. There are lots of incentives for an insider to cut shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of empirical studies have demonstrated the useful potential of this strategy if "monkeys" understand where to look (learn more here
Thus, it's important to study the recent info for Robert Half International Inc. (NYSE:RHI
How are hedge funds trading Robert Half International Inc. (NYSE:RHI)?
At the end of the second quarter, a total of 27 of the hedge funds we track were bullish in this stock, a change of 17% from the previous quarter. With hedgies' sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their holdings considerably.
When using filings from the hedgies we track, Ken Griffin's Citadel Investment Group had the largest position in Robert Half International Inc. (NYSE:RHI), worth close to $33.6 million, accounting for 0.1% of its total 13F portfolio. On Citadel Investment Group's heels is Jim Simons of Renaissance Technologies, with a $26.4 million position; 0.1% of its 13F portfolio is allocated to the stock. Some other peers with similar optimism include Chuck Royce's Royce & Associates, Cliff Asness's AQR Capital Management and Alexander Mitchell's Scopus Asset Management.
With a general bullishness amongst the titans, certain money managers have jumped into Robert Half International Inc. (NYSE:RHI) headfirst. Citadel Investment Group
, managed by Ken Griffin, established the biggest position in Robert Half International Inc. (NYSE:RHI). Citadel Investment Group had 33.6 million invested in the company at the end of the quarter. Jim Simons's Renaissance Technologies
also made a $26.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Chuck Royce's Royce & Associates
, Cliff Asness's AQR Capital Management
, and Alexander Mitchell's Scopus Asset Management
What have insiders been doing with Robert Half International Inc. (NYSE:RHI)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest half-year time period, Robert Half International Inc. (NYSE:RHI) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here
We'll also examine the relationship between both of these indicators in other stocks similar to Robert Half International Inc. (NYSE:RHI). These stocks are On Assignment, Inc. (NYSE:ASGN
), 51job, Inc. (ADR) (NASDAQ:JOBS
), Paychex, Inc. (NASDAQ:PAYX
), Team Health Holdings LLC (NYSE:TMH
), and Manpowergroup Inc (NYSE:MAN
). This group of stocks are the members of the staffing & outsourcing services industry and their market caps are closest to RHI's market cap.