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Hedge Funds Are Selling Insperity Inc (NSP) – RPX Corp (RPXC), Team, Inc. (TISI)

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Insperity Inc (NYSE:NSP) was in 10 hedge funds’ portfolio at the end of the fourth quarter of 2012. NSP investors should be aware of a decrease in enthusiasm from smart money in recent months. There were 10 hedge funds in our database with NSP positions at the end of the previous quarter.

In the financial world, there are a multitude of methods market participants can use to analyze Mr. Market. A pair of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outclass the S&P 500 by a significant amount (see just how much).

Equally as key, bullish insider trading activity is a second way to break down the stock market universe. There are lots of reasons for a bullish insider to get rid of shares of his or her company, but only one, very clear reason why they would buy. Several academic studies have demonstrated the impressive potential of this strategy if shareholders understand where to look (learn more here).

With all of this in mind, let’s take a glance at the latest action encompassing Insperity Inc (NYSE:NSP).

How are hedge funds trading Insperity Inc (NYSE:NSP)?

Heading into 2013, a total of 10 of the hedge funds we track were long in this stock, a change of 0% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes meaningfully.

According to our comprehensive database, Alexander Medina Seaver’s Stadium Capital Management had the largest position in Insperity Inc (NYSE:NSP), worth close to $81 million, comprising 19.3% of its total 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $3 million position; the fund has 0% of its 13F portfolio invested in the stock. Some other peers that are bullish include Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, D. E. Shaw’s D E Shaw and Jim Simons’s Renaissance Technologies.

Judging by the fact that Insperity Inc (NYSE:NSP) has experienced falling interest from the smart money, we can see that there lies a certain “tier” of money managers that decided to sell off their full holdings in Q4. Intriguingly, Israel Englander’s Millennium Management sold off the biggest stake of all the hedgies we monitor, comprising an estimated $1 million in stock.. Ken Griffin’s fund, Citadel Investment Group, also dumped its stock, about $0 million worth. These transactions are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

What have insiders been doing with Insperity Inc (NYSE:NSP)?

Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past six months. Over the last 180-day time period, Insperity Inc (NYSE:NSP) has experienced zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Insperity Inc (NYSE:NSP). These stocks are Team, Inc. (NYSE:TISI), InnerWorkings, Inc. (NASDAQ:INWK), LivePerson, Inc. (NASDAQ:LPSN), WNS (Holdings) Limited (ADR) (NYSE:WNS), and RPX Corp (NASDAQ:RPXC). This group of stocks are in the business services industry and their market caps are closest to NSP’s market cap.

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