To many traders, hedge funds are perceived as overrated, outdated investment vehicles of a forgotten age. Although there are In excess of 8,000 hedge funds in operation today, this site focuses on the moguls of this club, close to 525 funds. It is widely held that this group controls most of the hedge fund industry’s total assets, and by watching their highest quality investments, we’ve identified a number of investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).
Just as crucial, optimistic insider trading activity is another way to analyze the investments you’re interested in. There are lots of incentives for an insider to cut shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of empirical studies have demonstrated the useful potential of this strategy if “monkeys” understand where to look (learn more here).
Thus, it’s important to study the recent info for Robert Half International Inc. (NYSE:RHI).
How are hedge funds trading Robert Half International Inc. (NYSE:RHI)?
At the end of the second quarter, a total of 27 of the hedge funds we track were bullish in this stock, a change of 17% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their holdings considerably.
With a general bullishness amongst the titans, certain money managers have jumped into Robert Half International Inc. (NYSE:RHI) headfirst. Citadel Investment Group, managed by Ken Griffin, established the biggest position in Robert Half International Inc. (NYSE:RHI). Citadel Investment Group had 33.6 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $26.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Chuck Royce’s Royce & Associates, Cliff Asness’s AQR Capital Management, and Alexander Mitchell’s Scopus Asset Management.
What have insiders been doing with Robert Half International Inc. (NYSE:RHI)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest half-year time period, Robert Half International Inc. (NYSE:RHI) has experienced zero unique insiders purchasing, 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 Robert Half International Inc. (NYSE:RHI). These stocks are On Assignment, Inc. (NYSE:ASGN), 51job, Inc. (ADR) (NASDAQ:JOBS), Paychex, Inc. (NASDAQ:PAYX), Team Health Holdings LLC (NYSE:TMH), and Manpowergroup Inc (NYSE:MAN). This group of stocks are the members of the staffing & outsourcing services industry and their market caps are closest to RHI’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| On Assignment, Inc. (NYSE:ASGN) | 11 | 0 | 0 |
| 51job, Inc. (ADR) (NASDAQ:JOBS) | 5 | 0 | 0 |
| Paychex, Inc. (NASDAQ:PAYX) | 15 | 0 | 0 |
| Team Health Holdings LLC (NYSE:TMH) | 26 | 0 | 0 |
| Manpowergroup Inc (NYSE:MAN) | 14 | 0 | 0 |
Using the returns shown by the previously mentioned studies, average investors should always watch hedge fund and insider trading sentiment, and Robert Half International Inc. (NYSE:RHI) applies perfectly to this mantra.
