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.
对冲基金和其他机构投资者刚刚完成了向美国证券交易委员会(SEC)提交的13F文件，披露了截至9月底的股票投资组合。在Insider Monkey，我们跟踪了近817家活跃的对冲基金和知名投资者，通过分析他们的13F申报文件，我们可以确定他们集体看好的股票。一他们的选择之一是First Midwest Bancorp Inc.(纳斯达克股票代码：FMBI)，所以让欧元™仔细看看本季度围绕它的情绪。
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现在是一只值得买入的好股票吗？最好的选股者正变得充满希望。最近，看涨对冲基金的赌注增加了6个。截至9月底，第一中西部银行(First Midwest Bancorp Inc)(纳斯达克市场代码：FMBI)在17家对冲基金的投资组合中。这一数据的历史最高值是18只。我们的计算还显示，FMBI不在对冲基金最受欢迎的30只股票之列(点击查看第三季度排名，查看视频快速浏览前5只股票)。截至6月底，我们的数据库中有11只对冲基金持有FMBI。视频：观看我们关于最受欢迎的5只对冲基金股票的视频。
According to most investors, hedge funds are seen as unimportant, outdated investment vehicles of years past.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
根据大多数投资者的说法，对冲基金被视为过去几年不重要、过时的投资工具。虽然目前有超过8000只基金在运作，但我们的专家关注的是这一群体的领导者，大约有850只基金。据估计，这群投资者是对冲基金总资产基础的大部分直接投资者，通过密切关注他们的首选，Insider Monkey发现了历史上超过标准普尔500指数(S&P500 index)的各种投资策略。自2017年3月成立以来，Insider Monkey的旗舰做空对冲基金策略每年比标准普尔500指数做空ETF高出约20个百分点。我们的空头股票投资组合自2017年2月(截至11月17日)以来下跌了13%，尽管同期市场上涨了65%。我们刚刚在最新的季度更新中分享了6个空头目标的清单。伊丽莎白公园资本公司的弗雷德·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，我们搜索多个来源，以发现下一个伟大的投资想法。例如，美国联邦储备委员会(Federal Reserve)一直在通过电子手段创造数万亿美元，以将利率保持在接近零的水平。我们认为这将导致通胀并提振房地产价格。所以，我们推荐了这个房地产股给我们每月的高级时事通讯订阅者。我们看了一遍清单，比如15只最佳蓝筹股挑选最好的大盘股进行买入。尽管我们只推荐了我们分析的公司中很小一部分的头寸，但我们会尽可能多地查看股票。我们读对冲基金投资者的信，听对冲基金会议上的股票推介。您可以在我们的网站上订阅我们的免费每日时事通讯。考虑到这一切，让我们来看看对冲基金对第一中西部银行(First Midwest Bancorp Inc)(纳斯达克股票代码：FMBI)的新行动。对冲基金认为FMBI是现在买入的好股票吗？
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追踪的对冲基金中共有17家做多这只股票，较上一季度变动55%。下面，你可以看看对冲基金对FMBI的看法在过去21个季度的变化。那么，让我们来看看哪些对冲基金是这只股票的最大持有者之一，哪些对冲基金正在大举行动。
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.
在这些基金中，Pzena投资管理公司持有第一中西部银行(First Midwest Bancorp Inc)(纳斯达克股票代码：FMBI)最有价值的股份，第三季度末价值2280万美元。排名第二的是千禧管理公司(Millennium Management)，该公司积累了价值560万美元的股票。伊丽莎白公园资本管理公司(Elizabeth Park Capital Management)、ArrowStreet Capital和D E Shaw也非常喜欢这只股票，成为该公司最大的对冲基金持有者之一。就分配给每个头寸的投资组合权重而言，Elizabeth Park Capital Management分配给First Midwest Bancorp Inc(纳斯达克股票代码：FMBI)的权重最大，约占其13F投资组合的2.59%。JCSD Capital也相对非常看好该股，将其13F股票投资组合中的1.93%指定为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.
正如人们可以合理预期的那样，特定的基金经理已经抢先买入了First Midwest Bancorp Inc(纳斯达克股票代码：FMBI)。由Peter Rathjens、Bruce Clarke和John Campbell管理的ArrowStreet Capital在First Midwest Bancorp Inc(纳斯达克市场代码：FMBI)设立了最大头寸。截至季度末，ArrowStreet Capital向该公司投资了290万美元。保罗·都铎·琼斯(Paul Tudor Jones)的都铎投资公司(Tudor Investment Corp)也在本季度启动了120万美元的头寸。其他持有全新FMBI头寸的基金包括德米特里·巴利亚斯尼(Dmitry Balyasny)的Balyasny Asset Management、复兴技术公司(Renaissance Technologies)和唐纳德·萨斯曼(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.
现在让我们回顾一下与First Midwest Bancorp Inc(纳斯达克股票代码：FMBI)类似的其他股票的对冲基金活动。这些股票是猎头集团PLC(纳斯达克股票代码：HHR)，德勒物流合作伙伴有限责任公司(纽约证券交易所代码：DKL)，360 DigiTech，Inc.(纳斯达克：QFIN), 零售机会投资公司(纳斯达克股票代码：ROIC)，塔伦德S.A.(纳斯达克股票代码：TLND)，ASTEC工业公司。(纳斯达克股票代码：ASTE)，以及Zuora，Inc.。(纽约证券交易所股票代码：ZUO)。这组股票的市值与FMBI的市值相当。
[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]股票代码，有位置的高频数量，高频位置的总值(X1000)，高频位置的变化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.
如果您遇到格式问题，请在此处查看表格。
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，这些股票平均有15.6只持有看涨头寸的对冲基金，平均投资于这些股票的金额为1.34亿美元。在FMBI的案例中，这个数字是4400万美元。Talend S.A.(纳斯达克股票代码：TLND)是该表中最受欢迎的股票。另一方面，德勒物流合伙公司(纽约证券交易所代码：DKL)是最不受欢迎的公司，只有1个看涨对冲基金头寸。First Midwest Bancorp Inc(纳斯达克股票代码：FMBI)不是这类股票中最受欢迎的股票，但对冲基金的兴趣仍然高于平均水平。我们对FMBI的整体对冲基金情绪得分为68分。与其他股票相比，对冲基金持仓数量较多的股票，以及相对于其历史区间的股票，获得更高的情绪得分。我们的计算显示，对冲基金中最受欢迎的前20只股票在2019年的回报率为41.3%，表现比标准普尔500指数交易所交易基金(SPY)高出10个百分点。截至12月14日，这些股票在2020年上涨了30.7%，但仍比大盘高出15.8个百分点。对冲基金押注FMBI也是正确的，自第三季度末(截至2014年12月)以来，该股回报率为41.9%，表现优于大盘。对冲基金因相对看涨而获得回报。
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Disclosure: None. This article was originally published at Insider Monkey.
披露：没有。本文最初发表在“内幕猴子”(Insider Monkey)杂志上。
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