BPZ Resources Inc (NYSE:BPZ) was in 7 hedge funds’ portfolio at the end of December. BPZ investors should pay attention to a decrease in activity from the world’s largest hedge funds recently. There were 7 hedge funds in our database with BPZ holdings at the end of the previous quarter.
Equally as key, positive insider trading activity is a second way to parse down the investments you’re interested in. As the old adage goes: there are many stimuli for an insider to downsize shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several empirical studies have demonstrated the useful potential of this tactic if shareholders know where to look (learn more here).
Now, we’re going to take a peek at the recent action regarding BPZ Resources Inc (NYSE:BPZ).
What does the smart money think about BPZ Resources Inc (NYSE:BPZ)?
At year’s end, a total of 7 of the hedge funds we track held long positions in this stock, a change of 0% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their stakes considerably.
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Seeing as BPZ Resources Inc (NYSE:BPZ) has faced bearish sentiment from hedge fund managers, it’s safe to say that there exists a select few hedge funds that elected to cut their full holdings in Q4. At the top of the heap, Roberto Mignone’s Bridger Management dropped the largest investment of the 450+ funds we track, comprising about $0.5 million in stock.. Steven Cohen’s fund, SAC Capital Advisors, also said goodbye to its stock, about $0 million worth. These transactions are intriguing to say the least, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
What have insiders been doing with BPZ Resources Inc (NYSE:BPZ)?
Insider trading activity, especially when it’s bullish, is best served when the company we’re looking at has experienced transactions within the past 180 days. Over the last half-year time period, BPZ Resources Inc (NYSE:BPZ) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to BPZ Resources Inc (NYSE:BPZ). These stocks are ZaZa Energy Corp (NASDAQ:ZAZA), Hugoton Royalty Trust (NYSE:HGT), TransAtlantic Petroleum Ltd (NYSEAMEX:TAT), Eca Marcellus Trust I (NYSE:ECT), and MV Oil Trust (NYSE:MVO). This group of stocks belong to the oil & gas drilling & exploration industry and their market caps resemble BPZ’s market cap.
Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
ZaZa Energy Corp (NASDAQ:ZAZA) | 5 | 3 | 0 |
Hugoton Royalty Trust (NYSE:HGT) | 7 | 0 | 0 |
TransAtlantic Petroleum Ltd (NYSEAMEX:TAT) | 3 | 5 | 0 |
Eca Marcellus Trust I (NYSE:ECT) | 1 | 0 | 0 |
MV Oil Trust (NYSE:MVO) | 2 | 0 | 0 |
With the returns exhibited by our studies, everyday investors should always watch hedge fund and insider trading activity, and BPZ Resources Inc (NYSE:BPZ) applies perfectly to this mantra.