Examworks Group, Inc. (NYSE:EXAM) shareholders have witnessed an increase in enthusiasm from smart money in recent months.
In the 21st century investor’s toolkit, there are a multitude of methods shareholders can use to watch publicly traded companies. A duo of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best money managers can outperform their index-focused peers by a healthy amount (see just how much).
Just as beneficial, positive insider trading activity is a second way to parse down the financial markets. Just as you’d expect, there are a number of reasons for an insider to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Plenty of academic studies have demonstrated the impressive potential of this tactic if “monkeys” know where to look (learn more here).
Now, we’re going to take a gander at the latest action regarding Examworks Group, Inc. (NYSE:EXAM).
How have hedgies been trading Examworks Group, Inc. (NYSE:EXAM)?
Heading into 2013, a total of 8 of the hedge funds we track were long in this stock, a change of 100% from one quarter earlier. With the smart money’s capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their stakes meaningfully.
According to our comprehensive database, Pivot Point Capital, managed by James A. Noonan, holds the largest position in Examworks Group, Inc. (NYSE:EXAM). Pivot Point Capital has a $23.9 million position in the stock, comprising 16.4% of its 13F portfolio. Sitting at the No. 2 spot is Mark Broach of Manatuck Hill Partners, with a $5.6 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Other peers that are bullish include SAC Subsidiary’s CR Intrinsic Investors, Edward Goodnow’s Goodnow Investment Group and Brian Ashford-Russell and Tim Woolley’s Polar Capital.
Consequently, key money managers were breaking ground themselves. Manatuck Hill Partners, managed by Mark Broach, initiated the most outsized position in Examworks Group, Inc. (NYSE:EXAM). Manatuck Hill Partners had 5.6 million invested in the company at the end of the quarter. Edward Goodnow’s Goodnow Investment Group also made a $1.5 million investment in the stock during the quarter. The other funds with brand new EXAM positions are Brian Ashford-Russell and Tim Woolley’s Polar Capital, Jacob Gottlieb’s Visium Asset Management, and Steven Cohen’s SAC Capital Advisors.
What do corporate executives and insiders think about Examworks Group, Inc. (NYSE:EXAM)?
Insider buying is most useful when the company in focus has experienced transactions within the past half-year. Over the latest half-year time frame, Examworks Group, Inc. (NYSE:EXAM) has experienced 3 unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Examworks Group, Inc. (NYSE:EXAM). These stocks are Performant Financial Corp (NASDAQ:PFMT), American Public Education, Inc. (NASDAQ:APEI), Comverse Inc (NASDAQ:CNSI), COMSCORE, Inc. (NASDAQ:SCOR), and Green Dot Corporation (NYSE:GDOT). This group of stocks are the members of the business services industry and their market caps are closest to EXAM’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Performant Financial Corp (NASDAQ:PFMT) | 2 | 1 | 10 |
| American Public Education, Inc. (NASDAQ:APEI) | 5 | 0 | 6 |
| Comverse Inc (NASDAQ:CNSI) | 17 | 0 | 0 |
| COMSCORE, Inc. (NASDAQ:SCOR) | 12 | 0 | 1 |
| Green Dot Corporation (NYSE:GDOT) | 15 | 3 | 0 |
With the returns demonstrated by our time-tested strategies, everyday investors must always keep an eye on hedge fund and insider trading activity, and Examworks Group, Inc. (NYSE:EXAM) shareholders fit into this picture quite nicely.
