Should VistaPrint Limited (NASDAQ:VPRT) investors track the following data?
In the 21st century investor’s toolkit, there are a multitude of metrics shareholders can use to watch their holdings. A duo of the best are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can beat the broader indices by a healthy margin (see just how much).
Equally as key, optimistic insider trading sentiment is a second way to analyze the world of equities. There are a variety of motivations for an executive to downsize shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the useful potential of this strategy if you understand where to look (learn more here).
What’s more, we’re going to analyze the latest info about VistaPrint Limited (NASDAQ:VPRT).
What have hedge funds been doing with VistaPrint Limited (NASDAQ:VPRT)?
Heading into Q3, a total of 10 of the hedge funds we track held long positions in this stock, a change of -17% from one quarter earlier. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were increasing their stakes significantly.
When using filings from the hedgies we track, Brave Warrior Capital, managed by Glenn Greenberg, holds the biggest position in VistaPrint Limited (NASDAQ:VPRT). Brave Warrior Capital has a $283.9 million position in the stock, comprising 13.1% of its 13F portfolio. On Brave Warrior Capital’s heels is Scott McLellan of Marble Arch Investments, with a $43.6 million position; the fund has 3.3% of its 13F portfolio invested in the stock. Other peers with similar optimism include Edward Goodnow’s Goodnow Investment Group, David Gallo’s Valinor Management LLC and Chuck Royce’s Royce & Associates.
As VistaPrint Limited (NASDAQ:VPRT) has experienced dropping sentiment from upper-tier hedge fund managers, it’s safe to say that there were a few funds who sold off their entire stakes at the end of the second quarter. At the top of the heap, Lee Hobson’s Highside Capital Management dropped the biggest investment of the 450+ funds we track, worth an estimated $10.5 million in stock. Wilmot B. Harkey and Daniel Mack’s fund, Nantahala Capital Management, also said goodbye to its stock, about $8 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 2 funds at the end of the second quarter.
What have insiders been doing with VistaPrint Limited (NASDAQ:VPRT)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past six months. Over the latest six-month time period, VistaPrint Limited (NASDAQ:VPRT) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to VistaPrint Limited (NASDAQ:VPRT). These stocks are Heartland Payment Systems, Inc. (NYSE:HPY), SYNNEX Corporation (NYSE:SNX), Cardtronics, Inc. (NASDAQ:CATM), Interval Leisure Group, Inc. (NASDAQ:IILG), and Euronet Worldwide, Inc. (NASDAQ:EEFT). This group of stocks are in the business services industry and their market caps resemble VPRT’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Heartland Payment Systems, Inc. (NYSE:HPY) | 11 | 0 | 0 |
| SYNNEX Corporation (NYSE:SNX) | 9 | 0 | 0 |
| Cardtronics, Inc. (NASDAQ:CATM) | 12 | 0 | 0 |
| Interval Leisure Group, Inc. (NASDAQ:IILG) | 15 | 0 | 0 |
| Euronet Worldwide, Inc. (NASDAQ:EEFT) | 13 | 0 | 0 |
Using the returns demonstrated by the previously mentioned research, average investors must always track hedge fund and insider trading activity, and VistaPrint Limited (NASDAQ:VPRT) applies perfectly to this mantra.
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