Recent insider trends for Marathon Patent Group, Inc. (NASDAQ:MARA) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on MARA is anything to go by, investors should pay attention.
Institutions own 04.79% of Marathon Patent Group, Inc. (MARA)’s shares. The total value of these holdings, in millions, is $2. Among active positions in the latest quarter, 6 holders increased their positions by a total of 245032 shares, 9 holders decreased the positions by a total of 267239 shares, and 6 holders held their positions. This works out to a net decrease in ownership of 22207 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 1 holders initiated new positions by a total of 33951 shares and 6 holders exited their positions by a total of 202424 shares. This nets out to a decrease of 168473 shares and is another bearish sign for MARA.
Insider ownership increased by a total of 0 shares, which suggests that MARA’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.
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. Marathon Patent Group, Inc. (NASDAQ:MARA)’s short interest is 572600 shares, or 4.34% of the float. This represents a decrease of -1% 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.
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 MARA is a Strong buy, which implies that MARA is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Marathon Patent Group, Inc. (NASDAQ:MARA) is undervalued.