At the moment, there are dozens of metrics investors can use to track publicly traded companies. A pair of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best hedge fund managers can outpace the S&P 500 by a very impressive margin (see just how much).
Just as necessary, bullish insider trading sentiment is another way to look at the financial markets. As the old adage goes: there are a number of incentives for an executive to drop shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Plenty of academic studies have demonstrated the impressive potential of this tactic if you know what to do (learn more here).
What’s more, it’s important to discuss the recent info surrounding LIN TV Corp (NYSE:TVL).
Hedge fund activity in LIN TV Corp (NYSE:TVL)
At Q2’s end, a total of 17 of the hedge funds we track were bullish in this stock, a change of 55% from the first quarter. With hedge funds’ capital changing hands, there exists a few key hedge fund managers who were upping their holdings significantly.
Out of the hedge funds we follow, Mario Gabelli’s GAMCO Investors had the largest position in LIN TV Corp (NYSE:TVL), worth close to $25.8 million, accounting for 0.2% of its total 13F portfolio. The second largest stake is held by Stephen Loukas, David A. Lorber, Zachary George of FrontFour Capital Group, with a $7.8 million position; the fund has 2.1% of its 13F portfolio invested in the stock. Other hedge funds with similar optimism include Steven Cohen’s SAC Capital Advisors, Jim Simons’s Renaissance Technologies and Glenn Russell Dubin’s Highbridge Capital Management.
With a general bullishness amongst the titans, specific money managers have jumped into LIN TV Corp (NYSE:TVL) headfirst. GAMCO Investors, managed by Mario Gabelli, established the most valuable position in LIN TV Corp (NYSE:TVL). GAMCO Investors had 25.8 million invested in the company at the end of the quarter. Stephen Loukas, David A. Lorber, Zachary George’s FrontFour Capital Group also made a $7.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Steven Cohen’s SAC Capital Advisors, Jim Simons’s Renaissance Technologies, and Glenn Russell Dubin’s Highbridge Capital Management.
How are insiders trading LIN TV Corp (NYSE:TVL)?
Insider buying made by high-level executives is most useful when the primary stock in question has seen transactions within the past six months. Over the last six-month time frame, LIN TV Corp (NYSE:TVL) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to LIN TV Corp (NYSE:TVL). These stocks are Entravision Communication (NYSE:EVC), Central European Media Enterprises Ltd. (NASDAQ:CETV), Fisher Communications, Inc. (NASDAQ:FSCI), Belo Corp. (NYSE:BLC), and Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). This group of stocks belong to the broadcasting – tv industry and their market caps resemble TVL’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Entravision Communication (NYSE:EVC) | 11 | 0 | 0 |
| Central European Media Enterprises Ltd. (NASDAQ:CETV) | 11 | 0 | 0 |
| Fisher Communications, Inc. (NASDAQ:FSCI) | 12 | 0 | 0 |
| Belo Corp. (NYSE:BLC) | 29 | 0 | 0 |
| Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) | 28 | 0 | 0 |
Using the results explained by Insider Monkey’s tactics, regular investors should always pay attention to hedge fund and insider trading activity, and LIN TV Corp (NYSE:TVL) is no exception.
