Franklin Financial Corp (NASDAQ:FRNK) has experienced a decrease in activity from the world’s largest hedge funds of late.
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Keeping this in mind, it’s important to take a glance at the latest action encompassing Franklin Financial Corp (NASDAQ:FRNK).
What does the smart money think about Franklin Financial Corp (NASDAQ:FRNK)?
At year’s end, a total of 5 of the hedge funds we track held long positions in this stock, a change of -17% from the third quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were increasing their stakes meaningfully.
Of the funds we track, MFP Investors, managed by Michael Price, holds the biggest position in Franklin Financial Corp (NASDAQ:FRNK). MFP Investors has a $11.8 million position in the stock, comprising 1.7% of its 13F portfolio. The second largest stake is held by Ryan Heslop and Ariel Warszawski of Firefly Value Partners, with a $6.3 million position; 0.9% of its 13F portfolio is allocated to the company. Some other hedgies with similar optimism include Jim Simons’s Renaissance Technologies, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and John Overdeck and David Siegel’s Two Sigma Advisors.
Seeing as Franklin Financial Corp (NASDAQ:FRNK) has witnessed falling interest from hedge fund managers, we can see that there was a specific group of fund managers that elected to cut their entire stakes last quarter. Interestingly, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC dumped the largest investment of all the hedgies we key on, totaling close to $1.1 million in stock., and D. E. Shaw of D E Shaw was right behind this move, as the fund said goodbye to about $0.2 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest was cut by 1 funds last quarter.
Insider trading activity in Franklin Financial Corp (NASDAQ:FRNK)
Insider purchases made by high-level executives is at its handiest when the company we’re looking at has experienced transactions within the past 180 days. Over the latest six-month time period, Franklin Financial Corp (NASDAQ:FRNK) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Franklin Financial Corp (NASDAQ:FRNK). These stocks are Farmers Capital Bank Corp (NASDAQ:FFKT), S.Y. Bancorp, Inc. (NASDAQ:SYBT), MidSouth Bancorp, Inc. (NYSEAMEX:MSL), The Bank of Kentucky Financial Corp (NASDAQ:BKYF), and CenterState Banks Inc (NASDAQ:CSFL). This group of stocks are the members of the regional – southeast banks industry and their market caps resemble FRNK’s market cap.