Is Central Pacific Financial Corp. (NYSE:CPF) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.
Central Pacific Financial Corp. (NYSE:CPF) investors should pay attention to an increase in hedge fund interest of late. CPF was in 14 hedge funds’ portfolios at the end of the fourth quarter of 2018. There were 12 hedge funds in our database with CPF positions at the end of the previous quarter. Our calculations also showed that CPF isn’t among the 30 most popular stocks among hedge funds.
In the 21st century investor’s toolkit there are several tools stock market investors use to assess stocks. A couple of the less known tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best investment managers can outperform the broader indices by a very impressive amount (see the details here).
We’re going to go over the recent hedge fund action surrounding Central Pacific Financial Corp. (NYSE:CPF).
Hedge fund activity in Central Pacific Financial Corp. (NYSE:CPF)
Heading into the first quarter of 2019, a total of 14 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 17% from the second quarter of 2018. On the other hand, there were a total of 14 hedge funds with a bullish position in CPF a year ago. So, let’s find out which hedge funds were