Published on 30 Jun 2021 on Insider Monkey via Yahoo Finance

Spark Energy, Inc. (SPKE): Hedge Funds In Wait-and-See Mode

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 900 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 Spark Energy, Inc. (NASDAQ:SPKE), so let’s take a closer look at the sentiment that surrounds it in the current quarter.

Spark Energy, Inc. (NASDAQ:SPKE) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 4 hedge funds' portfolios at the end of March. Our calculations also showed that SPKE isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as Tufin Software Technologies Ltd. (NYSE:TUFN), Regional Management Corp (NYSE:RM), and Landos Biopharma, Inc. (NASDAQ:LABP) to gather more data points.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 206.8% since March 2017 and outperformed the S&P 500 ETFs by more than 115 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.