We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article we look at what those investors think of Hancock Holding Company (NASDAQ:HBHC).
Is Hancock Holding Company (NASDAQ:HBHC) a bargain? Investors who are in the know are getting more bullish. The number of bullish hedge fund bets advanced by 2 in recent months. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as B&G Foods, Inc. (NYSE:BGS), Time Inc (NYSE:TIME), and Generac Holdings Inc. (NYSE:GNRC) to gather more data points.
In today’s marketplace there are tons of indicators stock market investors employ to appraise publicly traded companies. Two of the best indicators are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the best picks of the best hedge fund managers can trounce the S&P 500 by a significant margin (see the details here).
Now, let’s go over the latest action surrounding Hancock Holding Company (NASDAQ:HBHC).
What have hedge funds been doing with Hancock Holding Company (NASDAQ:HBHC)?
At the Q3’s end, a total of 17 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 13% from the second quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their holdings substantially (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Mark Lee’s Forest Hill Capital has the biggest position in Hancock Holding Company (NASDAQ:HBHC), worth close to $43.8 million, corresponding to 4.2% of its total 13F portfolio. Coming in second is Lee Munder Capital Group, led by Lee Munder, holding a $22.9 million position; 0.5% of its 13F portfolio is allocated to the stock. Other members of the smart money with similar optimism consist of Ken Fisher’s Fisher Asset Management, David Dreman’s Dreman Value Management and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.