AngioDynamics, Inc. (NASDAQ:ANGO) was in 11 hedge funds’ portfolio at the end of the first quarter of 2013. ANGO investors should pay attention to a decrease in enthusiasm from smart money of late. There were 12 hedge funds in our database with ANGO holdings at the end of the previous quarter.
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With these “truths” under our belt, we’re going to take a gander at the latest action surrounding AngioDynamics, Inc. (NASDAQ:ANGO).
Hedge fund activity in AngioDynamics, Inc. (NASDAQ:ANGO)
In preparation for this quarter, a total of 11 of the hedge funds we track were long in this stock, a change of -8% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes considerably.
When looking at the hedgies we track, Kevin Kotler’s Broadfin Capital had the largest position in AngioDynamics, Inc. (NASDAQ:ANGO), worth close to $27.8 million, accounting for 6.1% of its total 13F portfolio. The second largest stake is held by James E. Flynn of Deerfield Management, with a $27.1 million position; the fund has 1.6% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Stephen DuBois’s Camber Capital Management, Chuck Royce’s Royce & Associates and Douglas T. Granat’s Trigran Investments.
Because AngioDynamics, Inc. (NASDAQ:ANGO) has faced falling interest from the smart money, it’s safe to say that there exists a select few hedge funds who were dropping their full holdings heading into Q2. At the top of the heap, SAC Subsidiary’s CR Intrinsic Investors cut the biggest position of all the hedgies we monitor, totaling about $2.8 million in stock.. Steven Cohen’s fund, SAC Capital Advisors, also dropped its stock, about $0 million worth. These transactions are important to note, as total hedge fund interest was cut by 1 funds heading into Q2.
Insider trading activity in AngioDynamics, Inc. (NASDAQ:ANGO)
Insider buying is particularly usable when the company in focus has experienced transactions within the past six months. Over the latest six-month time period, AngioDynamics, Inc. (NASDAQ:ANGO) has experienced 3 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 AngioDynamics, Inc. (NASDAQ:ANGO). These stocks are Vascular Solutions, Inc. (NASDAQ:VASC), OraSure Technologies, Inc. (NASDAQ:OSUR), Merit Medical Systems, Inc. (NASDAQ:MMSI), and Antares Pharma Inc (NASDAQ:ATRS). This group of stocks are in the medical instruments & supplies industry and their market caps resemble ANGO’s market cap.