Mobile Mini Inc (NASDAQ:MINI) has experienced an increase in enthusiasm from smart money recently.
To the average investor, there are many gauges market participants can use to analyze their holdings. A pair of the most useful are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best fund managers can outclass the market by a significant margin (see just how much).
Just as integral, bullish insider trading activity is a second way to break down the investments you’re interested in. Obviously, there are many incentives for a corporate insider to drop shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the useful potential of this strategy if piggybackers understand what to do (learn more here).
With all of this in mind, let’s take a look at the latest action regarding Mobile Mini Inc (NASDAQ:MINI).
How are hedge funds trading Mobile Mini Inc (NASDAQ:MINI)?
At year’s end, a total of 6 of the hedge funds we track were long in this stock, a change of 50% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were boosting their holdings meaningfully.
When looking at the hedgies we track, Citadel Investment Group, managed by Ken Griffin, holds the largest position in Mobile Mini Inc (NASDAQ:MINI). Citadel Investment Group has a $3 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Coming in second is Israel Englander of Millennium Management, with a $1.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include D. E. Shaw’s D E Shaw, Steven Cohen’s SAC Capital Advisors and Jim Simons’s Renaissance Technologies.
With a general bullishness amongst the heavyweights, key money managers were breaking ground themselves. SAC Capital Advisors, managed by Steven Cohen, assembled the biggest position in Mobile Mini Inc (NASDAQ:MINI). SAC Capital Advisors had 0.5 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $0.2 million position during the quarter.
What do corporate executives and insiders think about Mobile Mini Inc (NASDAQ:MINI)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the latest six-month time period, Mobile Mini Inc (NASDAQ:MINI) has seen zero unique insiders buying, and 5 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Mobile Mini Inc (NASDAQ:MINI). These stocks are AptarGroup, Inc. (NYSE:ATR), Sonoco Products Company (NYSE:SON), Silgan Holdings Inc. (NASDAQ:SLGN), Graphic Packaging Holding Company (NYSE:GPK), and Greif, Inc. (NYSE:GEF). This group of stocks are in the packaging & containers industry and their market caps match MINI’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| AptarGroup, Inc. (NYSE:ATR) | 9 | 1 | 6 |
| Sonoco Products Company (NYSE:SON) | 16 | 0 | 8 |
| Silgan Holdings Inc. (NASDAQ:SLGN) | 14 | 0 | 6 |
| Graphic Packaging Holding Company (NYSE:GPK) | 18 | 0 | 9 |
| Greif, Inc. (NYSE:GEF) | 13 | 0 | 0 |
With the results shown by Insider Monkey’s tactics, retail investors must always pay attention to hedge fund and insider trading sentiment, and Mobile Mini Inc (NASDAQ:MINI) shareholders fit into this picture quite nicely.
