Is Techne Corporation (NASDAQ:TECH) a marvelous investment now? Prominent investors are in an optimistic mood. The number of bullish hedge fund bets rose by 1 in recent months.
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Equally as integral, bullish insider trading sentiment is a second way to parse down the investments you’re interested in. Obviously, there are plenty of incentives for an executive to cut shares of his or her company, but just one, very clear reason why they would initiate a purchase. Many academic studies have demonstrated the market-beating potential of this tactic if piggybackers understand what to do (learn more here).
Now, it’s important to take a glance at the recent action regarding Techne Corporation (NASDAQ:TECH).
What does the smart money think about Techne Corporation (NASDAQ:TECH)?
Heading into 2013, a total of 9 of the hedge funds we track held long positions in this stock, a change of 13% from the third quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were upping their holdings substantially.
Of the funds we track, Jim Simons’s Renaissance Technologies had the largest position in Techne Corporation (NASDAQ:TECH), worth close to $65 million, accounting for 0.2% of its total 13F portfolio. The second largest stake is held by Chuck Royce of Royce & Associates, with a $13 million position; 0% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and Joel Greenblatt’s Gotham Asset Management.
Now, key hedge funds have been driving this bullishness. SAC Capital Advisors, managed by Steven Cohen, established the biggest position in Techne Corporation (NASDAQ:TECH). SAC Capital Advisors had 1 million invested in the company at the end of the quarter. Paul Tudor Jones’s Tudor Investment Corp also made a $0 million investment in the stock during the quarter.
What do corporate executives and insiders think about Techne Corporation (NASDAQ:TECH)?
Insider trading activity, especially when it’s bullish, is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the last half-year time frame, Techne Corporation (NASDAQ:TECH) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
With the returns exhibited by the aforementioned studies, retail investors must always monitor hedge fund and insider trading sentiment, and Techne Corporation (NASDAQ:TECH) applies perfectly to this mantra.
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