American Capital Ltd. (NASDAQ:ACAS) has seen a decrease in activity from the world’s largest hedge funds lately.
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Now, we’re going to take a peek at the latest action encompassing American Capital Ltd. (NASDAQ:ACAS).
What does the smart money think about American Capital Ltd. (NASDAQ:ACAS)?
Heading into 2013, a total of 21 of the hedge funds we track were bullish in this stock, a change of -5% from the third quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their holdings considerably.
According to our comprehensive database, Luxor Capital Group, managed by Christian Leone, holds the largest position in American Capital Ltd. (NASDAQ:ACAS). Luxor Capital Group has a $145 million position in the stock, comprising 5.1% of its 13F portfolio. Coming in second is Brian Taylor of Pine River Capital Management, with a $91 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Some other hedge funds with similar optimism include Cliff Asness’s AQR Capital Management, John Paulson’s Paulson & Co and Paul Singer’s Elliott Management.
Because American Capital Ltd. (NASDAQ:ACAS) has faced a declination in interest from hedge fund managers, we can see that there was a specific group of fund managers that slashed their entire stakes in Q4. It’s worth mentioning that James H. Litinsk’s JHL Capital Group cut the biggest investment of all the hedgies we monitor, totaling about $27 million in stock.. Douglas Hirsch’s fund, Seneca Capital, also dumped its stock, about $6 million worth. These bearish behaviors are interesting, as total hedge fund interest was cut by 1 funds in Q4.
How have insiders been trading American Capital Ltd. (NASDAQ:ACAS)?
Insider trading activity, especially when it’s bullish, is most useful when the company in focus has experienced transactions within the past half-year. Over the last 180-day time frame, American Capital Ltd. (NASDAQ:ACAS) has experienced zero unique insiders buying, and 9 insider sales (see the details of insider trades here).
With the returns shown by the aforementioned strategies, everyday investors should always pay attention to hedge fund and insider trading sentiment, and American Capital Ltd. (NASDAQ:ACAS) applies perfectly to this mantra.
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