SEI Investments Company (NASDAQ:SEIC) has experienced a decrease in enthusiasm from smart money of late.
At the moment, there are many indicators market participants can use to analyze Mr. Market. A duo of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outpace the S&P 500 by a significant margin (see just how much).
Equally as key, positive insider trading activity is a second way to break down the world of equities. As the old adage goes: there are a variety of incentives for an upper level exec to drop shares of his or her company, but only one, very obvious reason why they would buy. Many academic studies have demonstrated the impressive potential of this strategy if shareholders know what to do (learn more here).
With these “truths” under our belt, we’re going to take a look at the key action regarding SEI Investments Company (NASDAQ:SEIC).
What does the smart money think about SEI Investments Company (NASDAQ:SEIC)?
Heading into 2013, a total of 16 of the hedge funds we track were bullish in this stock, a change of -6% from the previous quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.
According to our comprehensive database, Chuck Royce’s Royce & Associates had the biggest position in SEI Investments Company (NASDAQ:SEIC), worth close to $115 million, accounting for 0.4% of its total 13F portfolio. The second largest stake is held by Highbridge Capital Management, managed by Glenn Russell Dubin, which held a $67 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Richard Blum’s Blum Capital Partners, Ken Griffin’s Citadel Investment Group and Christopher Lord’s Criterion Capital.
Seeing as SEI Investments Company (NASDAQ:SEIC) has experienced bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there is a sect of hedge funds that elected to cut their full holdings last quarter. Interestingly, Jim Simons’s Renaissance Technologies said goodbye to the largest investment of the 450+ funds we track, valued at close to $6 million in stock.. D. E. Shaw’s fund, D E Shaw, also dropped its stock, about $2 million worth. These transactions are interesting, as total hedge fund interest dropped by 1 funds last quarter.
Insider trading activity in SEI Investments Company (NASDAQ:SEIC)
Insider purchases made by high-level executives is particularly usable when the company in question has experienced transactions within the past six months. Over the latest six-month time frame, SEI Investments Company (NASDAQ:SEIC) has experienced 1 unique insiders buying, and 7 insider sales (see the details of insider trades here).
With the returns demonstrated by our time-tested strategies, everyday investors should always monitor hedge fund and insider trading sentiment, and SEI Investments Company (NASDAQ:SEIC) is no exception.
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