Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

This Metric Says You Are Smart to Buy Palatin Technologies, Inc. (PTN)

Is Palatin Technologies, Inc. (NYSEAMEX:PTN) undervalued? Investors who are in the know are becoming hopeful. The number of long hedge fund bets rose by 1 lately.

In the 21st century investor’s toolkit, there are a multitude of metrics investors can use to analyze stocks. A couple of the best are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite hedge fund managers can outclass the broader indices by a very impressive margin (see just how much).

Palatin Technologies, Inc. (NYSEAMEX:PTN)

Just as important, bullish insider trading activity is a second way to parse down the investments you’re interested in. As the old adage goes: there are lots of incentives for a corporate insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the valuable potential of this tactic if you know what to do (learn more here).

With all of this in mind, we’re going to take a glance at the recent action regarding Palatin Technologies, Inc. (NYSEAMEX:PTN).

What have hedge funds been doing with Palatin Technologies, Inc. (NYSEAMEX:PTN)?

At year’s end, a total of 5 of the hedge funds we track held long positions in this stock, a change of 25% from the third quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes considerably.


Now, specific money managers were breaking ground themselves. DAFNA Capital Management, managed by Nathan Fischel, created the biggest position in Palatin Technologies, Inc. (NYSEAMEX:PTN). DAFNA Capital Management had 0.1 million invested in the company at the end of the quarter.

How have insiders been trading Palatin Technologies, Inc. (NYSEAMEX:PTN)?

Insider purchases made by high-level executives is particularly usable when the company in focus has experienced transactions within the past 180 days. Over the last 180-day time frame, Palatin Technologies, Inc. (NYSEAMEX:PTN) has experienced 8 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Palatin Technologies, Inc. (NYSEAMEX:PTN). These stocks are Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG), Vermillion, Inc. (NASDAQ:VRML), and Venaxis Inc (NASDAQ:APPY). This group of stocks are the members of the diagnostic substances industry and their market caps are similar to PTN’s market cap.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.