In today’s marketplace, there are plenty of metrics market participants can use to monitor the equity markets. A duo of the most useful are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top money managers can outperform the broader indices by a very impressive amount (see just how much).
Equally as useful, bullish insider trading activity is another way to look at the world of equities. As the old adage goes: there are many motivations for a bullish insider to sell shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this strategy if “monkeys” know what to do (learn more here).
What’s more, it’s important to study the newest info for 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS).
What does the smart money think about 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)?
Heading into Q3, a total of 11 of the hedge funds we track were long in this stock, a change of 10% from the first quarter. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their stakes meaningfully.
When using filings from the hedgies we track, Jim Simons’s Renaissance Technologies had the largest position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), worth close to $6.6 million, accounting for less than 0.1%% of its total 13F portfolio. On Renaissance Technologies’s heels is Mario Gabelli of GAMCO Investors, with a $3.9 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include Chuck Royce’s Royce & Associates, D. E. Shaw’s D E Shaw and Michael M. Rothenberg and David Sackler’s Moab Capital Partners.
With a general bullishness amongst the titans, certain money managers have been driving this bullishness. Renaissance Technologies, managed by Jim Simons, created the biggest position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Renaissance Technologies had 6.6 million invested in the company at the end of the quarter. Mario Gabelli’s GAMCO Investors also initiated a $3.9 million position during the quarter. The other funds with brand new FLWS positions are Chuck Royce’s Royce & Associates, D. E. Shaw’s D E Shaw, and Michael M. Rothenberg and David Sackler’s Moab Capital Partners.
What do corporate executives and insiders think about 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)?
Insider buying is at its handiest when the primary stock in question has seen transactions within the past half-year. Over the latest 180-day time frame, 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). These stocks are West Marine, Inc. (NASDAQ:WMAR), TravelCenters of America LLC (NYSEAMEX:TA), Winmark Corporation (NASDAQ:WINA), Medifast, Inc. (NYSE:MED), and MarineMax, Inc. (NYSE:HZO). This group of stocks are in the specialty retail, other industry and their market caps are closest to FLWS’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|West Marine, Inc. (NASDAQ:WMAR)||9||0||0|
|TravelCenters of America LLC (NYSEAMEX:TA)||9||0||0|
|Winmark Corporation (NASDAQ:WINA)||4||0||0|
|Medifast, Inc. (NYSE:MED)||17||0||0|
|MarineMax, Inc. (NYSE:HZO)||11||0||0|
Using the returns shown by our research, average investors must always keep one eye on hedge fund and insider trading activity, and 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) applies perfectly to this mantra.