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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. 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 TOPS might perform in the future.

Institutions own 00.02% of Top Ships Inc. (TOPS)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 7 holders increased their positions by a total of 2688 shares, 5 holders decreased the positions by a total of 10 shares, and 1 holders held their positions. This works out to a net increase in ownership of 2678 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 7 holders initiated new positions by a total of 462 shares and 5 holders exited their positions by a total of 10 shares. This nets out to an increase of 452 shares and is a bullish sign for TOPS.

Insider ownership increased by a total of 0 shares, which suggests that TOPS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story:  ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Top Ships Inc. (NASDAQ:TOPS)’s short interest is 1.31 million shares, or % of the float. This represents an increase of 143% 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.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for TOPS. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TOPS is a Weak buy, which implies that TOPS is expected to outperform 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 undervalued.

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