Is FMBI A Good Stock To Buy Now?
Is FMBI A Good Stock To Buy Now?
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow nearly 817 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is First Midwest Bancorp Inc (NASDAQ:FMBI), so let’s take a closer look at the sentiment that surrounds it in the current quarter.
對衝基金和其他機構投資者剛剛完成了向美國證券交易委員會(SEC)提交的13F文件，披露了截至9月底的股票投資組合。在Insider Monkey，我們跟蹤了近817家活躍的對衝基金和知名投資者，通過分析他們的13F申報文件，我們可以確定他們集體看好的股票。一他們的選擇之一是First Midwest Bancorp Inc.(納斯達克股票代碼：FMBI)，所以讓歐元™仔細看看本季度圍繞它的情緒。
Is FMBI a good stock to buy now?The best stock pickers were becoming hopeful. The number of bullish hedge fund bets increased by 6 lately. First Midwest Bancorp Inc (NASDAQ:FMBI) was in 17 hedge funds' portfolios at the end of September. The all time high for this statistic is 18. Our calculations also showed that FMBI isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks). There were 11 hedge funds in our database with FMBI holdings at the end of June.Video: Watch our video about the top 5 most popular hedge fund stocks.
FMBI現在是一隻值得買入的好股票嗎？最好的選股者正變得充滿希望。最近，看漲對衝基金的賭注增加了6個。截至9月底，第一中西部銀行(First Midwest Bancorp Inc)(納斯達克市場代碼：FMBI)在17家對衝基金的投資組合中。這一數據的歷史最高值是18只。我們的計算還顯示，FMBI不在對衝基金最受歡迎的30只股票之列(點擊查看第三季度排名，查看視頻快速瀏覽前5只股票)。截至6月底，我們的數據庫中有11只對衝基金持有FMBI。視頻：觀看我們關於最受歡迎的5只對衝基金股票的視頻。
According to most investors, hedge funds are seen as unimportant, outdated investment vehicles of years past. While there are over 8000 funds in operation at the moment, Our experts look at the leaders of this group, around 850 funds. It is estimated that this group of investors direct most of all hedge funds' total asset base, and by keeping an eye on their top picks, Insider Monkey has discovered various investment strategies that have historically surpassed the S&P 500 index. Insider Monkey's flagship short hedge fund strategy outrun the S&P 500 short ETFs by around 20 percentage points per year since its inception in March 2017. Our portfolio of short stocks lost 13% since February 2017 (through November 17th) even though the market was up 65% during the same period. We just shared a list of 6 short targets in our latest quarterly update .Fred Cummings of Elizabeth Park Capital
根據大多數投資者的説法，對衝基金被視為過去幾年不重要、過時的投資工具。雖然目前有超過8000只基金在運作，但我們的專家關注的是這一羣體的領導者，大約有850只基金。據估計，這羣投資者是對衝基金總資產基礎的大部分直接投資者，通過密切關注他們的首選，Insider Monkey發現了歷史上超過標準普爾500指數(S&P500 index)的各種投資策略。自2017年3月成立以來，Insider Monkey的旗艦做空對衝基金策略每年比標準普爾500指數做空ETF高出約20個百分點。我們的空頭股票投資組合自2017年2月(截至11月17日)以來下跌了13%，儘管同期市場上漲了65%。我們剛剛在最新的季度更新中分享了6個空頭目標的清單。伊麗莎白公園資本公司的弗雷德·卡明斯
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended thisreal estate stockto our monthly premium newsletter subscribers. We go through lists like the15 best blue chip stocksto pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website. With all of this in mind let's take a look at the new hedge fund action regarding First Midwest Bancorp Inc (NASDAQ:FMBI).Do Hedge Funds Think FMBI Is A Good Stock To Buy Now?
在Insider Monkey，我們搜索多個來源，以發現下一個偉大的投資想法。例如，美國聯邦儲備委員會(Federal Reserve)一直在通過電子手段創造數萬億美元，以將利率保持在接近零的水平。我們認為這將導致通脹並提振房地產價格。所以，我們推薦了這個房地產股給我們每月的高級時事通訊訂閲者。我們看了一遍清單，比如15只最佳藍籌股挑選最好的大盤股進行買入。儘管我們只推薦了我們分析的公司中很小一部分的頭寸，但我們會盡可能多地查看股票。我們讀對衝基金投資者的信，聽對衝基金會議上的股票推介。您可以在我們的網站上訂閲我們的免費每日時事通訊。考慮到這一切，讓我們來看看對衝基金對第一中西部銀行(First Midwest Bancorp Inc)(納斯達克股票代碼：FMBI)的新行動。對衝基金認為FMBI是現在買入的好股票嗎？
At the end of September, a total of 17 of the hedge funds tracked by Insider Monkey were long this stock, a change of 55% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards FMBI over the last 21 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
截至9月底，Insider Monkey追蹤的對衝基金中共有17家做多這隻股票，較上一季度變動55%。下面，你可以看看對衝基金對FMBI的看法在過去21個季度的變化。那麼，讓我們來看看哪些對衝基金是這隻股票的最大持有者之一，哪些對衝基金正在大舉行動。
Among these funds, Pzena Investment Management held the most valuable stake in First Midwest Bancorp Inc (NASDAQ:FMBI), which was worth $22.8 million at the end of the third quarter. On the second spot was Millennium Management which amassed $5.6 million worth of shares. Elizabeth Park Capital Management, Arrowstreet Capital, and D E Shaw were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Elizabeth Park Capital Management allocated the biggest weight to First Midwest Bancorp Inc (NASDAQ:FMBI), around 2.59% of its 13F portfolio. JCSD Capital is also relatively very bullish on the stock, designating 1.93 percent of its 13F equity portfolio to FMBI.
在這些基金中，Pzena投資管理公司持有第一中西部銀行(First Midwest Bancorp Inc)(納斯達克股票代碼：FMBI)最有價值的股份，第三季度末價值2280萬美元。排名第二的是千禧管理公司(Millennium Management)，該公司積累了價值560萬美元的股票。伊麗莎白公園資本管理公司(Elizabeth Park Capital Management)、ArrowStreet Capital和D E Shaw也非常喜歡這隻股票，成為該公司最大的對衝基金持有者之一。就分配給每個頭寸的投資組合權重而言，Elizabeth Park Capital Management分配給First Midwest Bancorp Inc(納斯達克股票代碼：FMBI)的權重最大，約佔其13F投資組合的2.59%。JCSD Capital也相對非常看好該股，將其13F股票投資組合中的1.93%指定為FMBI。
As one would reasonably expect, specific money managers have jumped into First Midwest Bancorp Inc (NASDAQ:FMBI) headfirst. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, created the largest position in First Midwest Bancorp Inc (NASDAQ:FMBI). Arrowstreet Capital had $2.9 million invested in the company at the end of the quarter. Paul Tudor Jones's Tudor Investment Corp also initiated a $1.2 million position during the quarter. The other funds with brand new FMBI positions are Dmitry Balyasny's Balyasny Asset Management, Renaissance Technologies, and Donald Sussman's Paloma Partners.
正如人們可以合理預期的那樣，特定的基金經理已經搶先買入了First Midwest Bancorp Inc(納斯達克股票代碼：FMBI)。由Peter Rathjens、Bruce Clarke和John Campbell管理的ArrowStreet Capital在First Midwest Bancorp Inc(納斯達克市場代碼：FMBI)設立了最大頭寸。截至季度末，ArrowStreet Capital向該公司投資了290萬美元。保羅·都鐸·瓊斯(Paul Tudor Jones)的都鐸投資公司(Tudor Investment Corp)也在本季度啟動了120萬美元的頭寸。其他持有全新FMBI頭寸的基金包括德米特里·巴利亞斯尼(Dmitry Balyasny)的Balyasny Asset Management、復興技術公司(Renaissance Technologies)和唐納德·薩斯曼(Donald Sussman)的Paloma Partners。
Let's now review hedge fund activity in other stocks similar to First Midwest Bancorp Inc (NASDAQ:FMBI). These stocks are HeadHunter Group PLC (NASDAQ:HHR), Delek Logistics Partners LP (NYSE:DKL), 360 DigiTech, Inc. (NASDAQ:QFIN), Retail Opportunity Investments Corp (NASDAQ:ROIC), Talend S.A. (NASDAQ:TLND), Astec Industries, Inc. (NASDAQ:ASTE), and Zuora, Inc. (NYSE:ZUO). This group of stocks' market values match FMBI's market value.
現在讓我們回顧一下與First Midwest Bancorp Inc(納斯達克股票代碼：FMBI)類似的其他股票的對衝基金活動。這些股票是獵頭集團PLC(納斯達克股票代碼：HHR)，德勒物流合作伙伴有限責任公司(紐約證券交易所代碼：DKL)，360 DigiTech，Inc.(納斯達克：QFIN), 零售機會投資公司(納斯達克股票代碼：ROIC)，塔倫德S.A.(納斯達克股票代碼：TLND)，ASTEC工業公司。(納斯達克股票代碼：ASTE)，以及Zuora，Inc.。(紐約證券交易所股票代碼：ZUO)。這組股票的市值與FMBI的市值相當。
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position HHR,8,18061,3 DKL,1,2964,0 QFIN,15,49651,3 ROIC,19,53660,-1 TLND,28,587292,0 ASTE,15,99097,5 ZUO,23,130724,2 Average,15.6,134493,1.7 [/table]
[表格]股票代碼，有位置的高頻數量，高頻位置的總值(X1000)，高頻位置的變化HHR，8,18061，3 DKL，1,2964，0 QFIN，15,49651，3 ROIC，19,53660，-1 TLND，28,587292，0 ASE，15,99097，5 ZUO，23,130724，2平均值，15.6,134493，1.7[/TABLE]
View table here if you experience formatting issues.
如果您遇到格式問題，請在此處查看錶格。
As you can see these stocks had an average of 15.6 hedge funds with bullish positions and the average amount invested in these stocks was $134 million. That figure was $44 million in FMBI's case. Talend S.A. (NASDAQ:TLND) is the most popular stock in this table. On the other hand Delek Logistics Partners LP (NYSE:DKL) is the least popular one with only 1 bullish hedge fund positions. First Midwest Bancorp Inc (NASDAQ:FMBI) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for FMBI is 68. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 20 most popular stocks among hedge funds returned 41.3% in 2019 and outperformed the S&P 500 ETF (SPY) by 10 percentage points. These stocks gained 30.7% in 2020 through December 14th and still beat the market by 15.8 percentage points. Hedge funds were also right about betting on FMBI as the stock returned 41.9% since the end of Q3 (through 12/14) and outperformed the market. Hedge funds were rewarded for their relative bullishness.
正如你所看到的，這些股票平均有15.6只持有看漲頭寸的對衝基金，平均投資於這些股票的金額為1.34億美元。在FMBI的案例中，這個數字是4400萬美元。Talend S.A.(納斯達克股票代碼：TLND)是該表中最受歡迎的股票。另一方面，德勒物流合夥公司(紐約證券交易所代碼：DKL)是最不受歡迎的公司，只有1個看漲對衝基金頭寸。First Midwest Bancorp Inc(納斯達克股票代碼：FMBI)不是這類股票中最受歡迎的股票，但對衝基金的興趣仍然高於平均水平。我們對FMBI的整體對衝基金情緒得分為68分。與其他股票相比，對衝基金持倉數量較多的股票，以及相對於其歷史區間的股票，獲得更高的情緒得分。我們的計算顯示，對衝基金中最受歡迎的前20只股票在2019年的回報率為41.3%，表現比標準普爾500指數交易所交易基金(SPY)高出10個百分點。截至12月14日，這些股票在2020年上漲了30.7%，但仍比大盤高出15.8個百分點。對衝基金押注FMBI也是正確的，自第三季度末(截至2014年12月)以來，該股回報率為41.9%，表現優於大盤。對衝基金因相對看漲而獲得回報。
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Disclosure: None. This article was originally published at Insider Monkey.
披露：沒有。本文最初發表在“內幕猴子”(Insider Monkey)雜誌上。
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