Hudson City Bancorp, Inc. (NASDAQ:HCBK) was in 24 hedge funds’ portfolio at the end of the first quarter of 2013. HCBK has experienced a decrease in hedge fund interest in recent months. There were 25 hedge funds in our database with HCBK positions at the end of the previous quarter.
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With all of this in mind, let’s take a peek at the key action encompassing Hudson City Bancorp, Inc. (NASDAQ:HCBK).
What have hedge funds been doing with Hudson City Bancorp, Inc. (NASDAQ:HCBK)?
Heading into Q2, a total of 24 of the hedge funds we track held long positions in this stock, a change of -4% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their stakes meaningfully.
Seeing as Hudson City Bancorp, Inc. (NASDAQ:HCBK) has experienced declining sentiment from the smart money, we can see that there were a few hedgies who sold off their entire stakes heading into Q2. It’s worth mentioning that Nick Niell’s Arrowgrass Capital Partners dropped the largest investment of the 450+ funds we monitor, totaling an estimated $45.7 million in stock.. John Thiessen’s fund, Vertex One Asset Management, also sold off its stock, about $6 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 1 funds heading into Q2.
How are insiders trading Hudson City Bancorp, Inc. (NASDAQ:HCBK)?
Bullish insider trading is best served when the company in focus has experienced transactions within the past six months. Over the latest half-year time period, Hudson City Bancorp, Inc. (NASDAQ:HCBK) has seen zero unique insiders buying, and 2 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Hudson City Bancorp, Inc. (NASDAQ:HCBK). These stocks are Investors Bancorp, Inc. (NASDAQ:ISBC), First Niagara Financial Group Inc. (NASDAQ:FNFG), New York Community Bancorp, Inc. (NYSE:NYCB), Ocwen Financial Corporation (NYSE:OCN), and People’s United Financial, Inc. (NASDAQ:PBCT). This group of stocks are in the savings & loans industry and their market caps are similar to HCBK’s market cap.
