Here is What Hedge Funds Think About Global Sources Ltd. (Bermuda) (GSOL)

Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) based on that data.

Is Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) going to take off soon? The smart money is taking a pessimistic view. The number of long hedge fund positions shrunk by 4 lately. At the end of this article, we will also compare Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) to other stocks, including Cynapsus Therapeutics Inc (NASDAQ:CYNA), Senomyx Inc. (NASDAQ:SNMX), and CRA International, Inc. (NASDAQ:CRAI) to get a better sense of its popularity.

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In today’s marketplace, there are plenty of metrics investors have at their disposal to grade publicly traded companies. A couple of the less known metrics are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the best picks of the top fund managers can outperform their index-focused peers by a superb amount (see the details here).

With all of this in mind, we’re going to go over the latest action regarding Global Sources Ltd. (Bermuda) (NASDAQ:GSOL).

Hedge fund activity in Global Sources Ltd. (Bermuda) (NASDAQ:GSOL)

Heading into Q4, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 44% from the previous quarter. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Mario Gabelli’s GAMCO Investors has the number one position in Global Sources Ltd. (Bermuda) (NASDAQ:GSOL), worth close to $2.8 million, amounting to less than 0.1% of its total 13F portfolio. The second largest stake is held by Two Sigma Advisors, led by John Overdeck and David Siegel, holding a $0.2 million position; less than 0.1% of its 13F portfolio is allocated to the company. The remaining professional money managers with similar optimism comprise Israel Englander’s Millennium Management, and Chuck Royce’s Royce & Associates.

Due to the fact that Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) has experienced a falling interest from the entirety of the hedge funds we track, it’s safe to say that there is a sect of funds that elected to cut their full holdings in the third quarter. It’s worth mentioning that Eric Semler’s TCS Capital Management said goodbye to the largest investment of the 700 funds watched by Insider Monkey, worth about $0.3 million in stock. Renaissance Technologies also said goodbye to its stock, about $0.3 million worth of shares. These moves are interesting, as aggregate hedge fund interest fell by 4 funds in the third quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) but similarly valued. We will take a look at Cynapsus Therapeutics Inc (NASDAQ:CYNA), Senomyx Inc. (NASDAQ:SNMX), CRA International, Inc. (NASDAQ:CRAI), and Lifetime Brands Inc (NASDAQ:LCUT). This group of stocks’ market caps is closest to Global Sources Ltd. (Bermuda) (NASDAQ:GSOL)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CYNA 12 63483 0
SNMX 6 29510 -1
CRAI 13 29106 1
LCUT 4 23749 -4

As you can see, these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $36 million. That figure was $7 million in Global Sources Ltd. (Bermuda) (NASDAQ:GSOL)’s case. CRA International, Inc. (NASDAQ:CRAI) is the most popular stock in this table. On the other hand, Lifetime Brands Inc (NASDAQ:LCUT) is the least popular one with only 4 bullish hedge fund positions. Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, CRA International, Inc. (NASDAQ:CRAI) might be a better candidate to consider a long position.