Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

BIOLASE Inc (BIOL) Shareholders: Have You Seen This Crucial Data?

BIOLASE Inc (NASDAQ:BIOL) was in 4 hedge funds’ portfolio at the end of the fourth quarter of 2012. BIOL shareholders have witnessed a decrease in enthusiasm from smart money in recent months. There were 5 hedge funds in our database with BIOL positions at the end of the previous quarter.


In the 21st century investor’s toolkit, there are dozens of methods investors can use to monitor their holdings. A couple of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top investment managers can outclass their index-focused peers by a superb amount (see just how much).

Equally as beneficial, positive insider trading activity is another way to parse down the investments you’re interested in. There are a variety of incentives for an insider to downsize shares of his or her company, but just one, very simple reason why they would initiate a purchase. Several empirical studies have demonstrated the impressive potential of this tactic if piggybackers understand where to look (learn more here).

Now, it’s important to take a glance at the key action surrounding BIOLASE Inc (NASDAQ:BIOL).

How have hedgies been trading BIOLASE Inc (NASDAQ:BIOL)?

Heading into 2013, a total of 4 of the hedge funds we track were long in this stock, a change of -20% from the third quarter.

Because BIOLASE Inc (NASDAQ:BIOL) has witnessed bearish sentiment from the smart money, it’s easy to see that there were a few fund managers who were dropping their entire stakes last quarter. Intriguingly, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners cut the largest stake of the “upper crust” of funds we watch, comprising close to $0.1 million in stock. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 1 fund last quarter.

What do corporate executives and insiders think about BIOLASE Inc (NASDAQ:BIOL)?

Bullish insider trading is at its handiest when the company in question has seen transactions within the past six months. Over the last half-year time period, BIOLASE Inc (NASDAQ:BIOL) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to BIOLASE Inc (NASDAQ:BIOL). These stocks are LeMaitre Vascular Inc (NASDAQ:LMAT), AtriCure Inc. (NASDAQ:ATRC), Derma Sciences Inc (NASDAQ:DSCI), IMRIS Inc – Ord Shs (NASDAQ:IMRS), and Nanosphere, Inc. (NASDAQ:NSPH). This group of stocks are the members of the medical instruments & supplies industry and their market caps are similar to BIOL’s market cap.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.