Cash America International, Inc. (CSH): Hedge Funds Are Bullish and Insiders Are Undecided, What Should You Do?

Should Cash America International, Inc. (NYSE:CSH) investors track the following data?


To the average investor, there are plenty of metrics market participants can use to track publicly traded companies. A pair of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite hedge fund managers can trounce their index-focused peers by a solid amount (see just how much).


Equally as key, bullish insider trading activity is another way to analyze the marketplace. Obviously, there are plenty of stimuli for an executive to drop shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the impressive potential of this tactic if piggybackers know where to look (learn more here).


Keeping this in mind, we're going to examine the latest info surrounding Cash America International, Inc. (NYSE:CSH).


Cash America International, Inc. (NYSE:CSH)

How have hedgies been trading Cash America International, Inc. (NYSE:CSH)?


At Q2's end, a total of 14 of the hedge funds we track were bullish in this stock, a change of 27% from the previous quarter. With hedge funds' capital changing hands, there exists a few notable hedge fund managers who were upping their holdings substantially.


When using filings from the hedgies we track, Park West Asset Management, managed by Peter S. Park, holds the most valuable position in Cash America International, Inc. (NYSE:CSH). Park West Asset Management has a $43.1 million position in the stock, comprising 5.1% of its 13F portfolio. On Park West Asset Management's heels is Amy Minella of Cardinal Capital, with a $41.8 million position; 2.7% of its 13F portfolio is allocated to the company. Other hedge funds with similar optimism include Jim Simons's Renaissance Technologies, Jay Petschek and Steven Major's Corsair Capital Management and Ken Griffin's Citadel Investment Group.


Now, particular hedge funds have jumped into Cash America International, Inc. (NYSE:CSH) headfirst. Park West Asset Management, managed by Peter S. Park, initiated the largest position in Cash America International, Inc. (NYSE:CSH). Park West Asset Management had 43.1 million invested in the company at the end of the quarter. Amy Minella's Cardinal Capital also initiated a $41.8 million position during the quarter. The following funds were also among the new CSH investors: Jim Simons's Renaissance Technologies, Jay Petschek and Steven Major's Corsair Capital Management, and Ken Griffin's Citadel Investment Group.

How have insiders been trading Cash America International, Inc. (NYSE:CSH)?


Legal insider trading, particularly when it's bullish, is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest half-year time period, Cash America International, Inc. (NYSE:CSH) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).


We'll also review the relationship between both of these indicators in other stocks similar to Cash America International, Inc. (NYSE:CSH). These stocks are World Acceptance Corp. (NASDAQ:WRLD), CapitalSource, Inc. (NYSE:CSE), PHH Corporation (NYSE:PHH), First Cash Financial Services, Inc. (NASDAQ:FCFS), and Nelnet, Inc. (NYSE:NNI). This group of stocks are the members of the credit services industry and their market caps are similar to CSH's market cap.

Company Name
# of Hedge Funds
# of Insiders Buying
# of Insiders Selling

World Acceptance Corp. (NASDAQ:WRLD)
13
0
0

CapitalSource, Inc. (NYSE:CSE)
16
0
0

PHH Corporation (NYSE:PHH)
23
0
0

First Cash Financial Services, Inc. (NASDAQ:FCFS)
7
0
0

Nelnet, Inc. (NYSE:NNI)
16
0
0

Using the returns explained by Insider Monkey's studies, regular investors must always pay attention to hedge fund and insider trading activity, and Cash America International, Inc. (NYSE:CSH) is an important part of this process.


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