If you like to follow the buying trends of hedge fund and mutual fund managers, a.k.a. the “smart money,” you may appreciate this list.
We ran a screen on dividend stocks that are rallying above their 20-day, 50-day, and 200-day moving averages. We screened these stocks for those seeing significant net institutional buying over the current quarter.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.
(Click to enlarge)
Do you agree with the smart money on these calls? Use this list as a starting-off point for your own analysis.
List sorted by net institutional purchases as a percent of share float.
1. PriceSmart Inc. (PSMT): Discount Variety Stores Industry. Market cap of $1.71B. Dividend yield at 1.05%, payout ratio at 29.20%. Price is currently 3.37% above its 20-Day SMA, 6.74% above its 50-Day SMA, and 38.87% above its 200-Day SMA. Net institutional purchases over the current quarter at 1.6M, which is 8.79% of the company's 18.20M share float. The stock is a short squeeze candidate, with a short float at 8.76% (equivalent to 6.7 days of average volume). The stock has gained 121.83% over the last year.
2. AmTrust Financial Services, Inc. (AFSI): Property & Casualty Insurance Industry. Market cap of $1.37B. Dividend yield at 1.57%, payout ratio at 11.0%. Price is currently 4.93% above its 20-Day SMA, 3.28% above its 50-Day SMA, and 19.93% above its 200-Day SMA. Net institutional purchases over the current quarter at 1.4M, which is 7.92% of the company's 17.68M share float. The stock is a short squeeze candidate, with a short float at 11.88% (equivalent to 11.42 days of average volume). The stock has had a couple of great days, gaining 5.38% over the last week.
3. MarketAxess Holdings Inc. (MKTX): Investment Brokerage Industry. Market cap of $1.12B. Dividend yield at 1.22%, payout ratio at 33.45%. Price is currently 13.23% above its 20-Day SMA, 16.16% above its 50-Day SMA, and 31.43% above its 200-Day SMA. Net institutional purchases over the current quarter at 1.3M, which is 4.06% of the company's 32.02M share float. The stock has had a couple of great days, gaining 22.37% over the last week.
4. Monro Muffler Brake Inc. (MNRO): Auto Parts Industry. Market cap of $1.08B. Dividend yield at 1.02%, payout ratio at 19.06%. Price is currently 1.31% above its 20-Day SMA, 0.54% above its 50-Day SMA, and 7.45% above its 200-Day SMA. Net institutional purchases over the current quarter at 944.9K, which is 3.34% of the company's 28.32M share float. The stock is a short squeeze candidate, with a short float at 10.72% (equivalent to 9.85 days of average volume). The stock has gained 32.41% over the last year.
5. OneBeacon Insurance Group, Ltd. (OB): Surety & Title Insurance Industry. Market cap of $1.30B. Dividend yield at 6.14%, payout ratio at 11.47%. Price is currently 5.41% above its 20-Day SMA, 4.04% above its 50-Day SMA, and 5.18% above its 200-Day SMA. Net institutional purchases over the current quarter at 291.4K, which is 1.30% of the company's 22.37M share float. The stock is a short squeeze candidate, with a short float at 6.41% (equivalent to 8.82 days of average volume). The stock has had a couple of great days, gaining 5.15% over the last week.
6. News Corp. (NWSA): Entertainment Industry. Market cap of $43.0B. Dividend yield at 1.16%, payout ratio at 13.16%. Price is currently 6.46% above its 20-Day SMA, 3.24% above its 50-Day SMA, and 3.43% above its 200-Day SMA. Net institutional purchases over the current quarter at 27.8M, which is 1.23% of the company's 2.26B share float. The stock has gained 36.3% over the last year.
7. Newmont Mining Corp. (NEM): Gold Industry. Market cap of $33.29B. Dividend yield at 1.96%, payout ratio at 13.30%. Price is currently 3.88% above its 20-Day SMA, 6.72% above its 50-Day SMA, and 5.81% above its 200-Day SMA. Net institutional purchases over the current quarter at 4.1M, which is 0.84% of the company's 486.76M share float. The stock has gained 8.48% over the last year.
8. The Coca-Cola Company (KO): Beverages Industry. Market cap of $158.57B. Dividend yield at 2.72%, payout ratio at 33.38%. Price is currently 2.56% above its 20-Day SMA, 2.61% above its 50-Day SMA, and 6.26% above its 200-Day SMA. Net institutional purchases over the current quarter at 4.1M, which is 0.21% of the company's 1.98B share float. The stock has gained 27.7% over the last year.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
