Telular Corporation (NASDAQ:WRLS) investors should be aware of an increase in hedge fund sentiment of late.
In today’s marketplace, there are plenty of gauges investors can use to monitor publicly traded companies. A duo of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can outclass the broader indices by a healthy margin (see just how much).
Equally as beneficial, positive insider trading activity is another way to break down the marketplace. Just as you’d expect, there are lots of incentives for an executive to cut shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the valuable potential of this tactic if you understand where to look (learn more here).
Consequently, we’re going to take a look at the recent action regarding Telular Corporation (NASDAQ:WRLS).
What does the smart money think about Telular Corporation (NASDAQ:WRLS)?
At Q1’s end, a total of 6 of the hedge funds we track were bullish in this stock, a change of 20% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were boosting their stakes substantially.
When looking at the hedgies we track, Renaissance Technologies, managed by Jim Simons, holds the biggest position in Telular Corporation (NASDAQ:WRLS). Renaissance Technologies has a $10.1 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Renaissance Technologies’s heels is Whitney Tilson of T2 Partners, with a $1.5 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Zeke Ashton’s Centaur Capital Partners, Mario Gabelli’s GAMCO Investors and Andy Redleaf’s Whitebox Advisors.
As aggregate interest increased, some big names have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, assembled the most valuable position in Telular Corporation (NASDAQ:WRLS). Citadel Investment Group had 0.1 million invested in the company at the end of the quarter.
Insider trading activity in Telular Corporation (NASDAQ:WRLS)
Insider buying is most useful when the company we’re looking at has experienced transactions within the past 180 days. Over the latest half-year time frame, Telular Corporation (NASDAQ:WRLS) has experienced zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Telular Corporation (NASDAQ:WRLS). These stocks are Maxcom Telecomunic S.A.B. de C.V. (ADR) (NYSE:MXT), NTELOS Holdings Corp. (NASDAQ:NTLS), Anaren, Inc. (NASDAQ:ANEN), Linktone Ltd. (ADR) (NASDAQ:LTON), and Meru Networks, Inc. (NASDAQ:MERU). This group of stocks are the members of the wireless communications industry and their market caps resemble WRLS’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Maxcom Telecomunic S.A.B. de C.V. (ADR) (NYSE:MXT)||1||0||0|
|NTELOS Holdings Corp. (NASDAQ:NTLS)||5||2||0|
|Anaren, Inc. (NASDAQ:ANEN)||7||0||1|
|Linktone Ltd. (ADR) (NASDAQ:LTON)||1||0||0|
|Meru Networks, Inc. (NASDAQ:MERU)||7||5||0|
With the returns shown by Insider Monkey’s strategies, everyday investors should always monitor hedge fund and insider trading activity, and Telular Corporation (NASDAQ:WRLS) is no exception.