Quaker Chemical Corp (NYSE:KWR) has seen an increase in enthusiasm from smart money recently.
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Now, we’re going to take a peek at the recent action surrounding Quaker Chemical Corp (NYSE:KWR).
Hedge fund activity in Quaker Chemical Corp (NYSE:KWR)
Heading into 2013, a total of 7 of the hedge funds we track were bullish in this stock, a change of 250% from the third quarter. With the smart money’s capital changing hands, there exists a select group of key hedge fund managers who were upping their stakes substantially.
According to our comprehensive database, Chuck Royce’s Royce & Associates had the largest position in Quaker Chemical Corp (NYSE:KWR), worth close to $81 million, accounting for 0.3% of its total 13F portfolio. Sitting at the No. 2 spot is Richard Driehaus of Driehaus Capital, with a $1.1 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Jim Simons’s Renaissance Technologies, Joel Greenblatt’s Gotham Asset Management and Mario Gabelli’s GAMCO Investors.
As aggregate interest increased, some big names have jumped into Quaker Chemical Corp (NYSE:KWR) headfirst. Driehaus Capital, managed by Richard Driehaus, initiated the largest position in Quaker Chemical Corp (NYSE:KWR). Driehaus Capital had 1.1 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $0.8 million position during the quarter. The other funds with brand new KWR positions are Joel Greenblatt’s Gotham Asset Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Neil Chriss’s Hutchin Hill Capital.
How are insiders trading Quaker Chemical Corp (NYSE:KWR)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past 180 days. Over the latest 180-day time period, Quaker Chemical Corp (NYSE:KWR) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Quaker Chemical Corp (NYSE:KWR). These stocks are Koppers Holdings Inc. (NYSE:KOP), WD-40 Company (NASDAQ:WDFC), Kraton Performance Polymers Inc (NYSE:KRA), OM Group, Inc. (NYSE:OMG), and Flotek Industries Inc (NYSE:FTK). This group of stocks are in the specialty chemicals industry and their market caps resemble KWR’s market cap.