WSFS Financial Corporation (WSFS): What Do Hedge Funds Think?

Page 1 of 2

WSFS Financial Corporation (NASDAQ:WSFS)WSFS Financial Corporation (NASDAQ:WSFS) was in 9 hedge funds’ portfolio at the end of December. WSFS has experienced stagnant support from the world’s most elite money managers recently. There were 9 hedge funds in our database with WSFS positions at the end of the previous quarter.

To most shareholders, hedge funds are assumed to be underperforming, outdated financial tools of years past. While there are greater than 8000 funds with their doors open at present, we at Insider Monkey look at the upper echelon of this club, around 450 funds. It is estimated that this group has its hands on the majority of the smart money’s total capital, and by tracking their best picks, we have identified a few investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 24 percentage points in 7 months (see the details here).

Equally as important, positive insider trading activity is another way to parse down the world of equities. Just as you’d expect, there are plenty of reasons for a corporate insider to downsize shares of his or her company, but just one, very clear reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the useful potential of this method if “monkeys” understand what to do (learn more here).

With these “truths” under our belt, we’re going to take a glance at the latest action surrounding WSFS Financial Corporation (NASDAQ:WSFS).

What have hedge funds been doing with WSFS Financial Corporation (NASDAQ:WSFS)?

Heading into 2013, a total of 9 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With the smart money’s capital changing hands, there exists a few noteworthy hedge fund managers who were upping their stakes meaningfully.

According to our comprehensive database, Stadium Capital Management, managed by Alexander Medina Seaver, holds the biggest position in WSFS Financial Corporation (NASDAQ:WSFS). Stadium Capital Management has a $18 million position in the stock, comprising 4.3% of its 13F portfolio. Coming in second is Richard S. Pzena of Pzena Investment Management, with a $15.1 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other peers that are bullish include Matthew Lindenbaum’s Basswood Capital, Jim Simons’s Renaissance Technologies and Ken Gray and Steve Walsh’s Bryn Mawr Capital.

What have insiders been doing with WSFS Financial Corporation (NASDAQ:WSFS)?

Bullish insider trading is best served when the primary stock in question has seen transactions within the past 180 days. Over the last six-month time frame, WSFS Financial Corporation (NASDAQ:WSFS) has experienced zero unique insiders purchasing, and 4 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 WSFS Financial Corporation (NASDAQ:WSFS). These stocks are Sandy Spring Bancorp Inc. (NASDAQ:SASR), Union First Market Bankshares Corp. (NASDAQ:UBSH), Stellarone Corp (NASDAQ:STEL), Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI), and TowneBank (NASDAQ:TOWN). This group of stocks belong to the regional – mid-atlantic banks industry and their market caps are closest to WSFS’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!