Is VOXX International Corp (NASDAQ:VOXX) the right investment to pursue these days? The best stock pickers are taking an optimistic view. The number of bullish hedge fund positions advanced by 1 recently.
In today’s marketplace, there are many gauges investors can use to watch Mr. Market. A couple 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 outclass the S&P 500 by a very impressive margin (see just how much).
Equally as important, positive insider trading activity is another way to parse down the world of equities. Obviously, there are a variety of stimuli for a bullish insider to drop shares of his or her company, but just one, very clear reason why they would behave bullishly. Several empirical studies have demonstrated the useful potential of this tactic if piggybackers know what to do (learn more here).
With all of this in mind, we’re going to take a glance at the key action surrounding VOXX International Corp (NASDAQ:VOXX).
How are hedge funds trading VOXX International Corp (NASDAQ:VOXX)?
At Q1’s end, a total of 10 of the hedge funds we track held long positions in this stock, a change of 11% from the previous quarter.
Now, key hedge funds have been driving this bullishness. Highbridge Capital Management, managed by Glenn Russell Dubin, established the most valuable position in VOXX International Corp (NASDAQ:VOXX). Highbridge Capital Management had 0.4 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0.2 million investment in the stock during the quarter.
What do corporate executives and insiders think about VOXX International Corp (NASDAQ:VOXX)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest six-month time period, VOXX International Corp (NASDAQ:VOXX) has experienced 3 unique insiders buying, and 10 insider sales (see the details of insider trades here).
With the returns demonstrated by our research, everyday investors must always watch hedge fund and insider trading sentiment, and VOXX International Corp (NASDAQ:VOXX) is an important part of this process.