To the average investor, there are dozens of methods market participants can use to monitor the equity markets. A pair of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top investment managers can outclass the S&P 500 by a significant amount (see just how much).
Equally as necessary, optimistic insider trading activity is another way to analyze the financial markets. Just as you’d expect, there are lots of motivations for an executive to sell shares of his or her company, but only one, very simple reason why they would buy. Plenty of academic studies have demonstrated the impressive potential of this tactic if “monkeys” understand where to look (learn more here).
What’s more, we’re going to examine the newest info surrounding Immersion Corporation (NASDAQ:IMMR).
Hedge fund activity in Immersion Corporation (NASDAQ:IMMR)
At Q2’s end, a total of 16 of the hedge funds we track were bullish in this stock, a change of 14% from the first quarter. With hedge funds’ capital changing hands, there exists a few key hedge fund managers who were boosting their stakes considerably.
As industrywide interest increased, specific money managers were leading the bulls’ herd. Shannon River Fund Management, managed by Spencer M. Waxman, created the most valuable position in Immersion Corporation (NASDAQ:IMMR). Shannon River Fund Management had 27.7 million invested in the company at the end of the quarter. John Fichthorn’s Dialectic Capital Management also made a $26.6 million investment in the stock during the quarter. The following funds were also among the new IMMR investors: Chuck Royce’s Royce & Associates, Matthew Hulsizer’s PEAK6 Capital Management, and Ken Griffin’s Citadel Investment Group.
What do corporate executives and insiders think about Immersion Corporation (NASDAQ:IMMR)?
Insider buying made by high-level executives is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the latest six-month time frame, Immersion Corporation (NASDAQ:IMMR) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Immersion Corporation (NASDAQ:IMMR). These stocks are Identive Group, Inc. (NASDAQ:INVE), Key Tronic Corporation (NASDAQ:KTCC), Acorn Energy Inc (NASDAQ:ACFN), Intermec Inc. (NYSE:IN), and Mercury Systems Inc (NASDAQ:MRCY). All of these stocks are in the computer peripherals industry and their market caps are closest to IMMR’s market cap.