To the average investor, there are a multitude of methods shareholders can use to track stocks. Two of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best money managers can outclass the S&P 500 by a healthy margin (see just how much).
Just as integral, bullish insider trading sentiment is a second way to parse down the marketplace. There are a number of stimuli for an insider to drop shares of his or her company, but just one, very obvious reason why they would buy. Several academic studies have demonstrated the useful potential of this method if “monkeys” know where to look (learn more here).
With these “truths” under our belt, we’re going to take a gander at the recent action regarding MFC Industrial Ltd (NYSE:MIL).
What have hedge funds been doing with MFC Industrial Ltd (NYSE:MIL)?
At year’s end, a total of 9 of the hedge funds we track held long positions in this stock, a change of 0% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their stakes considerably.
Of the funds we track, Nantahala Capital Management, managed by Wilmot B. Harkey and Daniel Mack, holds the largest position in MFC Industrial Ltd (NYSE:MIL). Nantahala Capital Management has a $11 million position in the stock, comprising 1.7% of its 13F portfolio. Sitting at the No. 2 spot is Wilmot B. Harkey and Daniel Mack of Nantahala Capital Management, with a $6.6 million call position; 1% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions include D. E. Shaw’s D E Shaw, Chuck Royce’s Royce & Associates and Zeke Ashton’s Centaur Capital Partners.
What have insiders been doing with MFC Industrial Ltd (NYSE:MIL)?
Insider buying is best served when the company in focus has seen transactions within the past 180 days. Over the latest half-year time frame, MFC Industrial Ltd (NYSE:MIL) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to MFC Industrial Ltd (NYSE:MIL). These stocks are McEwen Mining Inc (NYSE:MUX), Taseko Mines Limited (USA) (NYSEAMEX:TGB), Denison Mines Corp (USA) (NYSEAMEX:DNN), Materion Corp (NYSE:MTRN), and Platinum Group Metals Limited (USA) (NYSEAMEX:PLG). All of these stocks are in the industrial metals & minerals industry and their market caps are closest to MIL’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| McEwen Mining Inc (NYSE:MUX) | 4 | 1 | 1 |
| Taseko Mines Limited (USA) (NYSEAMEX:TGB) | 2 | 0 | 0 |
| Denison Mines Corp (USA) (NYSEAMEX:DNN) | 7 | 0 | 0 |
| Materion Corp (NYSE:MTRN) | 12 | 0 | 1 |
| Platinum Group Metals Limited (USA) (NYSEAMEX:PLG) | 2 | 0 | 0 |
With the results demonstrated by Insider Monkey’s studies, everyday investors should always pay attention to hedge fund and insider trading activity, and MFC Industrial Ltd (NYSE:MIL) shareholders fit into this picture quite nicely.
