GSI Group Inc. (USA) (NASDAQ:GSIG) shareholders have witnessed a decrease in hedge fund sentiment in recent months; stagnant interest is bearish in our experience.
To the average investor, there are tons of indicators investors can use to watch publicly traded companies. A duo of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best fund managers can outpace the S&P 500 by a significant amount (see just how much).
Equally as beneficial, optimistic insider trading sentiment is a second way to break down the investments you’re interested in. Just as you’d expect, there are plenty of stimuli for an insider to downsize shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the impressive potential of this strategy if piggybackers understand where to look (learn more here).
Consequently, we’re going to take a glance at the recent action surrounding GSI Group Inc. (USA) (NASDAQ:GSIG).
How have hedgies been trading GSI Group Inc. (USA) (NASDAQ:GSIG)?
Heading into Q2, a total of 8 of the hedge funds we track were long in this stock, a change of 0% from one quarter earlier. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were increasing their stakes considerably.
According to our comprehensive database, Royce & Associates, managed by Chuck Royce, holds the most valuable position in GSI Group Inc. (USA) (NASDAQ:GSIG). Royce & Associates has a $10.9 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Royce & Associates’s heels is Phil Frohlich of Prescott Group Capital Management, with a $4.3 million position; the fund has 1% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Carl Tiedemann and Michael Tiedemann’s TIG Advisors, Jim Simons’s Renaissance Technologies and D. E. Shaw’s D E Shaw.
How are insiders trading GSI Group Inc. (USA) (NASDAQ:GSIG)?
Insider buying is best served when the company in question has seen transactions within the past six months. Over the last 180-day time period, GSI Group Inc. (USA) (NASDAQ:GSIG) has experienced zero unique insiders purchasing, 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 GSI Group Inc. (USA) (NASDAQ:GSIG). These stocks are Mitcham Industries, Inc. (NASDAQ:MIND), Rudolph Technologies Inc (NASDAQ:RTEC), Affymetrix, Inc. (NASDAQ:AFFX), Telenav Inc (NASDAQ:TNAV), and Zygo Corporation (NASDAQ:ZIGO). This group of stocks are in the scientific & technical instruments industry and their market caps are closest to GSIG’s market cap.