One Liberty Properties, Inc. (NYSE:OLP) was in 5 hedge funds’ portfolio at the end of March. OLP investors should be aware of a decrease in enthusiasm from smart money recently. There were 6 hedge funds in our database with OLP holdings at the end of the previous quarter.
If you’d ask most shareholders, hedge funds are viewed as underperforming, outdated investment vehicles of the past. While there are over 8000 funds in operation today, we choose to focus on the bigwigs of this group, close to 450 funds. It is estimated that this group has its hands on the majority of all hedge funds’ total asset base, and by keeping an eye on their top equity investments, we have brought to light a number of investment strategies that have historically beaten Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per annum 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 beaten the S&P 500 index by 23.3 percentage points in 8 months (see the details here).
Just as important, optimistic insider trading activity is a second way to parse down the marketplace. As the old adage goes: there are a variety of incentives for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would behave bullishly. Many academic studies have demonstrated the valuable potential of this tactic if “monkeys” understand where to look (learn more here).
With these “truths” under our belt, let’s take a glance at the latest action regarding One Liberty Properties, Inc. (NYSE:OLP).
What does the smart money think about One Liberty Properties, Inc. (NYSE:OLP)?
Heading into Q2, a total of 5 of the hedge funds we track were bullish in this stock, a change of -17% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their stakes considerably.
Because One Liberty Properties, Inc. (NYSE:OLP) has experienced a declination in interest from the entirety of the hedge funds we track, it’s easy to see that there were a few funds that decided to sell off their entire stakes heading into Q2. Interestingly, Andy Redleaf’s Whitebox Advisors dropped the largest stake of the “upper crust” of funds we track, worth about $1.3 million in stock., and Matthew Moskey of Tiresias Capital was right behind this move, as the fund cut about $0.7 million worth. These transactions are important to note, as total hedge fund interest was cut by 1 funds heading into Q2.
What do corporate executives and insiders think about One Liberty Properties, Inc. (NYSE:OLP)?
Insider purchases made by high-level executives is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the last six-month time frame, One Liberty Properties, Inc. (NYSE:OLP) has seen 1 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to One Liberty Properties, Inc. (NYSE:OLP). These stocks are Gladstone Commercial Corporation (NASDAQ:GOOD), Arbor Realty Trust, Inc. (NYSE:ABR), Whitestone REIT (NYSE:WSR), Winthrop Realty Trust (NYSE:FUR), and Gramercy Capital Corp. (NYSE:GKK). This group of stocks are the members of the reit – diversified industry and their market caps resemble OLP’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Gladstone Commercial Corporation (NASDAQ:GOOD) | 1 | 1 | 2 |
| Arbor Realty Trust, Inc. (NYSE:ABR) | 12 | 2 | 2 |
| Whitestone REIT (NYSE:WSR) | 3 | 1 | 0 |
| Winthrop Realty Trust (NYSE:FUR) | 7 | 0 | 0 |
| Gramercy Capital Corp. (NYSE:GKK) | 7 | 1 | 0 |
With the returns demonstrated by Insider Monkey’s time-tested strategies, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and One Liberty Properties, Inc. (NYSE:OLP) is no exception.
