Is DigitalGlobe Inc (DGI) Going to Burn These Hedge Funds?

DigitalGlobe Inc (NYSE:DGI) investors should pay attention to a decrease in enthusiasm from smart money recently.

DigitalGlobe Inc (NYSE:DGI)

DigitalGlobe (NYSE:DGI) EVP Walter Scott sold 1,360 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $42.00, for a total value of $57,120.00, according to Ticker Report.

Now, let’s take a glance at the key action surrounding DigitalGlobe Inc (NYSE:DGI).

Hedge fund activity in DigitalGlobe Inc (NYSE:DGI)

Heading into Q4, a total of 32 of the hedge funds we track were long in this stock, a change of -3 percent from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully.

According to hedge fund intelligence website Insider Monkey, James Dinan’s York Capital Management had the biggest position in DigitalGlobe Inc (NYSE:DGI), worth close to $83.1 million, accounting for 1.7 percent of its total 13F portfolio. The second most bullish hedge fund manager is Cerberus Capital Management, led by Stephen Feinberg, holding a $76.8 million position; the fund has 24.7 percent of its 13F portfolio invested in the stock. Other hedge funds that are bullish contain Mariko Gordon’s Daruma Asset Management, Peter Adam Hochfelder’s Brahman Capital and Spencer M. Waxman’s Shannon River Fund Management.

Since DigitalGlobe Inc (NYSE:DGI) has witnessed falling interest from the entirety of the hedge funds we track, logic holds that there exists a select few hedge funds who sold off their full holdings heading into Q4. At the top of the heap, Andrew Sandler’s Sandler Capital Management dropped the largest stake of all the hedgies followed by Insider Monkey, comprising an estimated $18 million in stock. Christopher Pucillo’s fund, Solus Alternative Asset Management, also dropped its stock, about $13.3 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest fell by 1 funds heading into Q4.

What have insiders been doing with DigitalGlobe Inc (NYSE:DGI)?

Insider purchases made by high-level executives is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest six-month time frame, DigitalGlobe Inc (NYSE:DGI) has experienced zero unique insiders purchasing, and three insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to DigitalGlobe Inc (NYSE:DGI). These stocks are FactSet Research Systems Inc. (NYSE:FDS), Dun & Bradstreet Corp (NYSE:DNB), Morningstar, Inc. (NASDAQ:MORN), DST Systems, Inc. (NYSE:DST), and Broadridge Financial Solutions, Inc. (NYSE:BR). This group of stocks are in the information & delivery services industry and their market caps are closest to DGI’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
FactSet Research Systems Inc. (NYSE:FDS) 21 0 8
Dun & Bradstreet Corp (NYSE:DNB) 19 0 6
Morningstar, Inc. (NASDAQ:MORN) 10 0 7
DST Systems, Inc. (NYSE:DST) 30 1 5
Broadridge Financial Solutions, Inc. (NYSE:BR) 23 0 6

DigitalGlobe Inc was the most popular information & delivery services industry equity at the end of Q3 among the hedge funds Insider Monkey tracks.


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