Is ValueClick Inc (NASDAQ:VCLK) ready to raly soon? The smart money is becoming hopeful. The number of long hedge fund positions improved by 2 lately.
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Just as important, optimistic insider trading activity is another way to break down the investments you’re interested in. As the old adage goes: there are a number of reasons for an insider to sell shares of his or her company, but just one, very obvious reason why they would buy. Various empirical studies have demonstrated the impressive potential of this tactic if shareholders know what to do (learn more here).
With these “truths” under our belt, we’re going to take a gander at the recent action regarding ValueClick Inc (NASDAQ:VCLK).
How are hedge funds trading ValueClick Inc (NASDAQ:VCLK)?
In preparation for this year, a total of 16 of the hedge funds we track were long in this stock, a change of 14% from one quarter earlier. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their stakes substantially.
According to our comprehensive database, Amy Minella’s Cardinal Capital had the biggest position in ValueClick Inc (NASDAQ:VCLK), worth close to $45 million, accounting for 3% of its total 13F portfolio. Coming in second is Chuck Royce of Royce & Associates, with a $29 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedgies that are bullish include Scott Burney’s Bluefin Investment Management, SAC Subsidiary’s Sigma Capital Management and Andy Redleaf’s Whitebox Advisors.
Now, some big names have been driving this bullishness. Hutchin Hill Capital, managed by Neil Chriss, created the most valuable position in ValueClick Inc (NASDAQ:VCLK). Hutchin Hill Capital had 2 million invested in the company at the end of the quarter. Thomas E. Claugus’s GMT Capital also made a $1 million investment in the stock during the quarter. The other funds with brand new VCLK positions are Jeffrey Vinik’s Vinik Asset Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Ken Griffin’s Citadel Investment Group.
What do corporate executives and insiders think about ValueClick Inc (NASDAQ:VCLK)?
Insider purchases made by high-level executives is best served when the primary stock in question has experienced transactions within the past half-year. Over the latest half-year time period, ValueClick Inc (NASDAQ:VCLK) has seen zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
With the results shown by Insider Monkey’s tactics, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and ValueClick Inc (NASDAQ:VCLK) applies perfectly to this mantra.
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