Here is What Hedge Funds Think About Dex One Corporation (DEXO)

Dex One Corporation (NYSE:DEXO)Dex One Corporation (NYSE:DEXO) was in 9 hedge funds’ portfolio at the end of March. DEXO has seen an increase in activity from the world’s largest hedge funds of late. There were 8 hedge funds in our database with DEXO holdings at the end of the previous quarter.

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Just as integral, bullish insider trading sentiment is a second way to parse down the financial markets. As the old adage goes: there are a variety of motivations for an executive to drop shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the valuable potential of this method if “monkeys” know what to do (learn more here).

With all of this in mind, let’s take a look at the recent action encompassing Dex One Corporation (NYSE:DEXO).

What have hedge funds been doing with Dex One Corporation (NYSE:DEXO)?

Heading into Q2, a total of 9 of the hedge funds we track were bullish in this stock, a change of 13% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their stakes meaningfully.

According to our comprehensive database, Michael Novogratz’s Fortress Investment Group had the most valuable position in Dex One Corporation (NYSE:DEXO), worth close to $99.8 million, comprising 1.7% of its total 13F portfolio. The second largest stake is held by Hayman Advisors, managed by Kyle Bass, which held a $8.7 million position; the fund has 5.3% of its 13F portfolio invested in the stock. Other hedgies that are bullish include John Paulson’s Paulson & Co, Eric Semler’s TCS Capital Management and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

As aggregate interest increased, specific money managers were breaking ground themselves. Cannell Capital, managed by J. Carlo Cannell, established the largest position in Dex One Corporation (NYSE:DEXO). Cannell Capital had 0.6 million invested in the company at the end of the quarter. Ryan Heslop and Ariel Warszawski’s Firefly Value Partners also made a $0.1 million investment in the stock during the quarter.

How are insiders trading Dex One Corporation (NYSE:DEXO)?

Bullish insider trading is best served when the primary stock in question has seen transactions within the past half-year. Over the last half-year time period, Dex One Corporation (NYSE:DEXO) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

With the results shown by the aforementioned studies, retail investors must always pay attention to hedge fund and insider trading activity, and Dex One Corporation (NYSE:DEXO) applies perfectly to this mantra.

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