At the moment, there are many methods shareholders can use to monitor their holdings. Two of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite fund managers can outpace the broader indices by a very impressive margin (see just how much).
Equally as crucial, optimistic insider trading sentiment is another way to look at the marketplace. As the old adage goes: there are lots of reasons for a corporate insider to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the impressive potential of this method if piggybackers know what to do (learn more here).
Keeping this in mind, it’s important to study the newest info about The Andersons, Inc. (NASDAQ:ANDE).
How are hedge funds trading The Andersons, Inc. (NASDAQ:ANDE)?
At the end of the second quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of -18% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes substantially.
According to our 13F database, Cliff Asness’s AQR Capital Management had the most valuable position in The Andersons, Inc. (NASDAQ:ANDE), worth close to $15.6 million, comprising 0.1% of its total 13F portfolio. On AQR Capital Management’s heels is SAC Capital Advisors, managed by Steven Cohen, which held a $9.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include D. E. Shaw’s D E Shaw, Paul Tudor Jones’s Tudor Investment Corp and Jim Simons’s Renaissance Technologies.
Since The Andersons, Inc. (NASDAQ:ANDE) has witnessed dropping sentiment from upper-tier hedge fund managers, it’s safe to say that there exists a select few fund managers that elected to cut their positions entirely at the end of the second quarter. It’s worth mentioning that Neil Chriss’s Hutchin Hill Capital dumped the biggest position of all the hedgies we track, worth an estimated $1.3 million in stock. John Overdeck and David Siegel’s fund, Two Sigma Advisors, also sold off its stock, about $0.6 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 2 funds at the end of the second quarter.
How have insiders been trading The Andersons, Inc. (NASDAQ:ANDE)?
Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past six months. Over the latest six-month time frame, The Andersons, Inc. (NASDAQ:ANDE) 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 The Andersons, Inc. (NASDAQ:ANDE). These stocks are Chiquita Brands International, Inc. (NYSE:CQB), Calavo Growers, Inc. (NASDAQ:CVGW), Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY), Fresh Del Monte Produce Inc (NYSE:FDP), and Adecoagro SA (NYSE:AGRO). This group of stocks are in the farm products industry and their market caps are closest to ANDE’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Chiquita Brands International, Inc. (NYSE:CQB)||13||0||0|
|Calavo Growers, Inc. (NASDAQ:CVGW)||7||0||0|
|Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY)||5||0||0|
|Fresh Del Monte Produce Inc (NYSE:FDP)||4||0||0|
|Adecoagro SA (NYSE:AGRO)||8||0||0|
Using the results demonstrated by our tactics, average investors must always pay attention to hedge fund and insider trading activity, and The Andersons, Inc. (NASDAQ:ANDE) applies perfectly to this mantra.