Finance

What the Insider Data Suggests About Hi-Crush Partners LP (HCLP)

Recent insider trends for Hi-Crush Partners LP (NYSE:HCLP) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how HCLP might perform in the future.

Institutions own 51.23% of Hi-Crush Partners LP (HCLP)’s shares. The total value of these holdings, in millions, is $450. Among active positions in the latest quarter, 73 holders increased their positions by a total of 8.73 million shares, 40 holders decreased the positions by a total of 10.62 million shares, and 15 holders held their positions. This works out to a net decrease in ownership of 1.89 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 28 holders initiated new positions by a total of 2.46 million shares and 18 holders exited their positions by a total of 2.54 million shares. This nets out to a decrease of 86249 shares and is another bearish sign for HCLP.

In the last three months, insiders executed a total of 3 trades. 3 of these were buys. Insider ownership increased by a total of 132495 shares, which suggests that HCLP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 15 buys and 2 sells, and ownership decreased by a net of 11.82 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Hi-Crush Partners LP (NYSE:HCLP)’s short interest is 7.43 million shares, or 15.23% of the float. This represents a decrease of -8% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HCLP is a Weak sell, which implies that HCLP 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 Hi-Crush Partners LP (NYSE:HCLP) is overvalued.

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