In the hedge fund world, Nelson Obus’ Wynnefield Capital reported a purchase of 1,125,880 shares of ARI Network Services, Inc. (PINK:ARIS) in a 13D filling with the Securities and Exchange Commission. Altogether the position in is now valued at close to $2.8 million. This is a new position.
In investment circles, 13Ds represent the intentions of activist hedge fund managers. These members of the smart money are the proverbial celebrities in the financial world, and seek to impose their will to an already standing company.
While investors watch a multitude of equity-based metrics, there is one that is often overlooked: aggregate hedge fund sentiment.
At Insider Monkey, our research has demonstrated that retail investors who follow specific hedge fund activity can trounce the market by eighteen percentage points per year (see the details here).
Focusing on ARI Network Services, Inc. (PINK:ARIS), our records indicate that zero other hedge funds were invested at the end of the fourth quarter, among those we track, according to our database. Equally as important, we must mention some other holdings in Wynnefield Capital‘s equity portfolio aside from ARI Network Services, Inc. (PINK:ARIS).
In Core-Mark Holding Company, Inc. (NASDAQ:CORE), Wynnefield Capital is holding 715,479 shares valued at $33.4 million. Nelson Obus’ fund also has 1,095,000 shares of ICON, whose value is estimated to $29.8 million. MVC Capital, Inc. (NYSE:MVC) represents another holding of Wynnefield Capital, in which the fund has 1,867,765 shares worth $22.3 million.
Therefore, we’ll let you know of the smart money’s investment plays surrounding ARI Network Services, Inc. (PINK:ARIS).