Hedge Funds Are Betting On West Marine, Inc. (WMAR)

West Marine, Inc. (NASDAQ:WMAR) investors should be aware of an increase in enthusiasm from smart money of late.

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Keeping this in mind, we’re going to take a glance at the key action surrounding West Marine, Inc. (NASDAQ:WMAR).

What does the smart money think about West Marine, Inc. (NASDAQ:WMAR)?

In preparation for this quarter, a total of 10 of the hedge funds we track were long in this stock, a change of 25% from the first quarter.

Consequently, specific money managers were leading the bulls’ herd. Becker Drapkin Management, managed by Matthew Drapkin and Steven R. Becker, established the largest position in West Marine, Inc. (NASDAQ:WMAR). Becker Drapkin Management had 0.4 million invested in the company at the end of the quarter. Ken Gray and Steve Walsh’s Bryn Mawr Capital also initiated a $0.3 million position during the quarter.

How are insiders trading West Marine, Inc. (NASDAQ:WMAR)?

Bullish insider trading is most useful when the company in focus has experienced transactions within the past half-year. Over the last half-year time frame, West Marine, Inc. (NASDAQ:WMAR) has seen zero unique insiders buying, and 5 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to West Marine, Inc. (NASDAQ:WMAR). These stocks are Winmark Corporation (NASDAQ:WINA), CSS Industries, Inc. (NYSE:CSS), Odyssey Marine Exploration Inc (NASDAQ:OMEX), TravelCenters of America LLC (NYSEAMEX:TA), and XO Group Inc (NYSE:XOXO). All of these stocks are in the specialty retail, other industry and their market caps resemble WMAR’s market cap.