Is ValueVision Media, Inc. (NASDAQ:VVTV) a splendid investment now? The smart money is buying. The number of long hedge fund bets inched up by 3 in recent months.
In the 21st century investor’s toolkit, there are many gauges market participants can use to analyze publicly traded companies. A pair of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outperform the market by a solid margin (see just how much).
Just as important, optimistic insider trading sentiment is a second way to break down the world of equities. Just as you’d expect, there are a variety of incentives for an executive to get rid of shares of his or her company, but just one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the market-beating potential of this strategy if investors understand what to do (learn more here).
With these “truths” under our belt, it’s important to take a gander at the recent action regarding ValueVision Media, Inc. (NASDAQ:VVTV).
Hedge fund activity in ValueVision Media, Inc. (NASDAQ:VVTV)
In preparation for this quarter, a total of 10 of the hedge funds we track were long in this stock, a change of 43% from one quarter earlier.
With a general bullishness amongst the heavyweights, key money managers have jumped into ValueVision Media, Inc. (NASDAQ:VVTV) headfirst. Forward Management, managed by J. Alan Reid, Jr., initiated the most outsized position in ValueVision Media, Inc. (NASDAQ:VVTV). Forward Management had 0.3 million invested in the company at the end of the quarter. Ken Gray and Steve Walsh’s Bryn Mawr Capital also initiated a $0.2 million position during the quarter. The other funds with brand new VVTV positions are Israel Englander’s Millennium Management and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.
What have insiders been doing with ValueVision Media, Inc. (NASDAQ:VVTV)?
Insider purchases made by high-level executives is at its handiest when the primary stock in question has experienced transactions within the past six months. Over the latest six-month time period, ValueVision Media, Inc. (NASDAQ:VVTV) has seen 4 unique insiders purchasing, and zero insider sales (see the details of insider trades here).
With the results shown by the aforementioned strategies, everyday investors should always watch hedge fund and insider trading sentiment, and ValueVision Media, Inc. (NASDAQ:VVTV) shareholders fit into this picture quite nicely.