Westmoreland Coal Company (NASDAQ:WLB) was in 5 hedge funds’ portfolio at the end of the first quarter of 2013. WLB has seen an increase in enthusiasm from smart money recently. There were 4 hedge funds in our database with WLB positions at the end of the previous quarter.
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Keeping this in mind, it’s important to take a gander at the latest action encompassing Westmoreland Coal Company (NASDAQ:WLB).
How are hedge funds trading Westmoreland Coal Company (NASDAQ:WLB)?
At the end of the first quarter, a total of 5 of the hedge funds we track were long in this stock, a change of 25% from the previous quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes meaningfully.
As industrywide interest jumped, key money managers were breaking ground themselves. PEAK6 Capital Management, managed by Matthew Hulsizer, initiated the most outsized call position in Westmoreland Coal Company (NASDAQ:WLB). PEAK6 Capital Management had 0.1 million invested in the company at the end of the quarter.
What do corporate executives and insiders think about Westmoreland Coal Company (NASDAQ:WLB)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest 180-day time period, Westmoreland Coal Company (NASDAQ:WLB) has experienced 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Westmoreland Coal Company (NASDAQ:WLB). These stocks are Mountain Province Diamonds, Inc. (NYSEAMEX:MDM), L&L Energy, Inc. (NASDAQ:LLEN), Rhino Resource Partners, L.P. (NYSE:RNO), Alexco Resource Corp. (USA) (NYSEAMEX:AXU), and Hallador Energy Co (NASDAQ:HNRG). This group of stocks are the members of the nonmetallic mineral mining industry and their market caps are closest to WLB’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Mountain Province Diamonds, Inc. (NYSEAMEX:MDM) | 2 | 0 | 0 |
| L&L Energy, Inc. (NASDAQ:LLEN) | 2 | 0 | 1 |
| Rhino Resource Partners, L.P. (NYSE:RNO) | 1 | 0 | 0 |
| Alexco Resource Corp. (USA) (NYSEAMEX:AXU) | 7 | 0 | 0 |
| Hallador Energy Co (NASDAQ:HNRG) | 4 | 1 | 0 |
With the results demonstrated by Insider Monkey’s strategies, retail investors should always pay attention to hedge fund and insider trading activity, and Westmoreland Coal Company (NASDAQ:WLB) is an important part of this process.
