Royal Gold, Inc USA) (NASDAQ:RGLD) investors should be aware of an increase in enthusiasm from smart money recently.
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Now, we’re going to take a glance at the key action encompassing Royal Gold, Inc USA) (NASDAQ:RGLD).
What have hedge funds been doing with Royal Gold, Inc USA) (NASDAQ:RGLD)?
At the end of the fourth quarter, a total of 26 of the hedge funds we track held long positions in this stock, a change of 37% from the third quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their holdings substantially.
According to our comprehensive database, Jean-Marie Eveillard’s First Eagle Investment Management had the most valuable position in Royal Gold, Inc USA) (NASDAQ:RGLD), worth close to $71 million, accounting for 0.3% of its total 13F portfolio. On First Eagle Investment Management’s heels is Jim Simons of Renaissance Technologies, with a $34 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other peers that are bullish include Bart Baum’s Ionic Capital Management, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners and Ken Griffin’s Citadel Investment Group.
Consequently, specific money managers were breaking ground themselves. Ionic Capital Management, managed by Bart Baum, initiated the largest call position in Royal Gold, Inc USA) (NASDAQ:RGLD). Ionic Capital Management had 17 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $9 million position during the quarter. The other funds with brand new RGLD positions are Steven Cohen’s SAC Capital Advisors, Philippe Jabre’s Jabre Capital Partners, and Phill Gross and Robert Atchinson’s Adage Capital Management.
How have insiders been trading Royal Gold, Inc USA) (NASDAQ:RGLD)?
Bullish insider trading is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the latest 180-day time period, Royal Gold, Inc USA) (NASDAQ:RGLD) has seen 1 unique insiders purchasing, and 5 insider sales (see the details of insider trades here).
With the returns shown by the aforementioned studies, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and Royal Gold, Inc USA) (NASDAQ:RGLD) is an important part of this process.
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