What’s a smart Materion Corp (NYSE:MTRN) investor to do?
If you were to ask many investors, hedge funds are perceived as bloated, outdated financial tools of a period lost to current times. Although there are more than 8,000 hedge funds in operation today, this site focuses on the top tier of this club, close to 525 funds. It is widely held that this group oversees the lion’s share of the hedge fund industry’s total assets, and by monitoring their best picks, we’ve uncovered a few investment strategies that have historically outperformed the S&P 500. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we‘ve began to sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (find the details here).
Equally as useful, positive insider trading sentiment is a second way to analyze the financial markets. Obviously, there are a variety of reasons for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the market-beating potential of this strategy if you understand where to look (learn more here).
Thus, let’s discuss the newest info for Materion Corp (NYSE:MTRN).
How are hedge funds trading Materion Corp (NYSE:MTRN)?
In preparation for the third quarter, a total of 16 of the hedge funds we track held long positions in this stock, a change of 33% from the first quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their stakes significantly.
When using filings from the hedgies we track, GAMCO Investors, managed by Mario Gabelli, holds the most valuable position in Materion Corp (NYSE:MTRN). GAMCO Investors has a $33.7 million position in the stock, comprising 0.2% of its 13F portfolio. On GAMCO Investors’s heels is Richard S. Meisenberg of ACK Asset Management, with a $7.5 million position; 3% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Jeffrey Gendell’s Tontine Asset Management, SAC Subsidiary’s CR Intrinsic Investors and Chuck Royce’s Royce & Associates.
As industrywide interest increased, certain money managers were leading the bulls’ herd. GAMCO Investors, managed by Mario Gabelli, initiated the most valuable position in Materion Corp (NYSE:MTRN). GAMCO Investors had 33.7 million invested in the company at the end of the quarter. Richard S. Meisenberg’s ACK Asset Management also made a $7.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Jeffrey Gendell’s Tontine Asset Management, SAC Subsidiary’s CR Intrinsic Investors, and Chuck Royce’s Royce & Associates.
What have insiders been doing with Materion Corp (NYSE:MTRN)?
Insider buying made by high-level executives is most useful when the company in question has experienced transactions within the past half-year. Over the latest six-month time frame, Materion Corp (NYSE:MTRN) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to Materion Corp (NYSE:MTRN). These stocks are Taseko Mines Limited (USA) (NYSEAMEX:TGB), Denison Mines Corp (USA) (NYSEAMEX:DNN), McEwen Mining Inc (NYSE:MUX), MFC Industrial Ltd (NYSE:MIL), and Platinum Group Metals Limited (USA) (NYSEAMEX:PLG). This group of stocks are in the industrial metals & minerals industry and their market caps match MTRN’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Taseko Mines Limited (USA) (NYSEAMEX:TGB) | 3 | 0 | 0 |
| Denison Mines Corp (USA) (NYSEAMEX:DNN) | 9 | 0 | 0 |
| McEwen Mining Inc (NYSE:MUX) | 10 | 0 | 0 |
| MFC Industrial Ltd (NYSE:MIL) | 12 | 0 | 0 |
| Platinum Group Metals Limited (USA) (NYSEAMEX:PLG) | 0 | 0 |
Using the returns explained by Insider Monkey’s studies, average investors must always track hedge fund and insider trading activity, and Materion Corp (NYSE:MTRN) shareholders fit into this picture quite nicely.
