Ruckus Wireless Inc (NYSE:RKUS) has experienced an increase in activity from the world’s largest hedge funds in recent months.
Just as integral, bullish insider trading sentiment is a second way to break down the stock market universe. Obviously, there are a number of reasons for an insider to drop shares of his or her company, but just one, very clear reason why they would buy. Various empirical studies have demonstrated the valuable potential of this strategy if investors understand what to do (learn more here).
Now, we’re going to take a peek at the key action encompassing Ruckus Wireless Inc (NYSE:RKUS).
How have hedgies been trading Ruckus Wireless Inc (NYSE:RKUS)?
#DIV/0!
Of the funds we track, Brookside Capital, managed by Bain Capital, holds the largest position in Ruckus Wireless Inc (NYSE:RKUS). Brookside Capital has a $7 million position in the stock, comprising 0.2% of its 13F portfolio. On Brookside Capital’s heels is Joe DiMenna of ZWEIG DIMENNA PARTNERS, with a $6.1 million position; 0.3% of its 13F portfolio is allocated to the company. Other hedge funds that hold long positions include Drew Cupps’s Cupps Capital Management, Eric Bannasch’s Cadian Capital and Richard Driehaus’s Driehaus Capital.
Consequently, key money managers have jumped into Ruckus Wireless Inc (NYSE:RKUS) headfirst. Brookside Capital, managed by Bain Capital, assembled the largest position in Ruckus Wireless Inc (NYSE:RKUS). Brookside Capital had 7 million invested in the company at the end of the quarter. Joe DiMenna’s ZWEIG DIMENNA PARTNERS also initiated a $6.1 million position during the quarter. The following funds were also among the new RKUS investors: Drew Cupps’s Cupps Capital Management, Eric Bannasch’s Cadian Capital, and Richard Driehaus’s Driehaus Capital.
How have insiders been trading Ruckus Wireless Inc (NYSE:RKUS)?
Insider purchases made by high-level executives is best served when the primary stock in question has seen transactions within the past half-year. Over the last half-year time period, Ruckus Wireless Inc (NYSE:RKUS) 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 Ruckus Wireless Inc (NYSE:RKUS). These stocks are XRS Corp (NASDAQ:XRSC), Concurrent Computer Corp (NASDAQ:CCUR), RadiSys Corporation (NASDAQ:RSYS), Omnicell, Inc. (NASDAQ:OMCL), and Lexmark International Inc (NYSE:LXK). This group of stocks belong to the computer based systems industry and their market caps resemble RKUS’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| XRS Corp (NASDAQ:XRSC) | 1 | 1 | |
| Concurrent Computer Corp (NASDAQ:CCUR) | 3 | 0 | 3 |
| RadiSys Corporation (NASDAQ:RSYS) | 8 | 1 | 0 |
| Omnicell, Inc. (NASDAQ:OMCL) | 7 | 0 | 11 |
| Lexmark International Inc (NYSE:LXK) | 18 | 1 | 8 |
With the returns exhibited by the aforementioned tactics, everyday investors should always pay attention to hedge fund and insider trading sentiment, and Ruckus Wireless Inc (NYSE:RKUS) is an important part of this process.
