Markets

Dissecting the Insider Trading Patterns of Top Ships Inc. (TOPS)

Recent insider trends for Top Ships Inc. (NASDAQ:TOPS) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of TOPS, the data has some interesting implications for where the stock might be headed.

Institutions own 00.05% of Top Ships Inc. (TOPS)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 6 holders increased their positions by a total of 5338 shares, 6 holders decreased the positions by a total of 23 shares, and 1 holders held their positions. This works out to a net increase in ownership of 5315 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 5 holders initiated new positions by a total of 885 shares and 6 holders exited their positions by a total of 23 shares. This nets out to an increase of 862 shares and is a bullish sign for TOPS.

Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Top Ships Inc. (NASDAQ:TOPS)’s short interest is 566000 shares, or % of the float. This represents an increase of 23% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.



Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TOPS is a Strong sell, which implies that TOPS is expected to underperform the market based on prior trading patterns.

Conclusion

Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Top Ships Inc. (NASDAQ:TOPS) is overvalued.

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