VistaPrint Limited (NASDAQ:VPRT) has experienced a decrease in enthusiasm from smart money in recent months.
At the moment, there are a multitude of indicators market participants can use to analyze stocks. A couple of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite investment managers can outpace their index-focused peers by a solid amount (see just how much).
Equally as beneficial, bullish insider trading activity is another way to parse down the stock market universe. Just as you’d expect, there are a variety of reasons for an insider to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this tactic if piggybackers know where to look (learn more here).
Keeping this in mind, let’s take a glance at the recent action surrounding VistaPrint Limited (NASDAQ:VPRT).
What does the smart money think about VistaPrint Limited (NASDAQ:VPRT)?
At the end of the fourth quarter, a total of 9 of the hedge funds we track were long in this stock, a change of -18% from one quarter earlier. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were upping their stakes substantially.
According to our comprehensive database, Brave Warrior Capital, managed by Glenn Greenberg, holds the largest position in VistaPrint Limited (NASDAQ:VPRT). Brave Warrior Capital has a $161.2 million position in the stock, comprising 9.7% of its 13F portfolio. Coming in second is Edward Goodnow of Goodnow Investment Group, with a $17.8 million position; the fund has 4.1% of its 13F portfolio invested in the stock. Other peers that are bullish include Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management, Chuck Royce’s Royce & Associates and D. E. Shaw’s D E Shaw.
Seeing as VistaPrint Limited (NASDAQ:VPRT) has witnessed bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there was a specific group of funds that elected to cut their positions entirely heading into 2013. At the top of the heap, Robert Jaffe’s Force Capital said goodbye to the biggest stake of the “upper crust” of funds we watch, comprising an estimated $6.8 million in stock., and Israel Englander of Millennium Management was right behind this move, as the fund dropped about $4.9 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 2 funds heading into 2013.
Insider trading activity in VistaPrint Limited (NASDAQ:VPRT)
Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the latest six-month time frame, VistaPrint Limited (NASDAQ:VPRT) has seen 3 unique insiders buying, and 3 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to VistaPrint Limited (NASDAQ:VPRT). These stocks are Heartland Payment Systems, Inc. (NYSE:HPY), SYNNEX Corporation (NYSE:SNX), Cardtronics, Inc. (NASDAQ:CATM), Interval Leisure Group, Inc. (NASDAQ:IILG), and Euronet Worldwide, Inc. (NASDAQ:EEFT). This group of stocks are the members of the business services industry and their market caps are closest to VPRT’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Heartland Payment Systems, Inc. (NYSE:HPY) | 11 | 1 | 2 |
| SYNNEX Corporation (NYSE:SNX) | 7 | 0 | 4 |
| Cardtronics, Inc. (NASDAQ:CATM) | 9 | 1 | 5 |
| Interval Leisure Group, Inc. (NASDAQ:IILG) | 9 | 0 | 0 |
| Euronet Worldwide, Inc. (NASDAQ:EEFT) | 10 | 0 | 4 |
With the returns shown by our studies, retail investors should always watch hedge fund and insider trading sentiment, and VistaPrint Limited (NASDAQ:VPRT) is an important part of this process.
