Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

EZCORP Inc (EZPW): Are Hedge Funds Right About This Stock?

Page 1 of 2

Should investors be bullish on EZCORP Inc (NASDAQ:EZPW)?

To the average investor, there are a multitude of gauges market participants can use to track their holdings. A couple of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top fund managers can outperform the broader indices by a superb margin (see just how much).

Equally as useful, positive insider trading sentiment is a second way to look at the financial markets. There are a number of stimuli for a corporate insider to sell shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the useful potential of this tactic if piggybackers understand where to look (learn more here).

What’s more, we’re going to examine the latest info surrounding EZCORP Inc (NASDAQ:EZPW).

What does the smart money think about EZCORP Inc (NASDAQ:EZPW)?

At Q2’s end, a total of 18 of the hedge funds we track held long positions in this stock, a change of 20% from the first quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings substantially.

EZCORP Inc (NASDAQ:EZPW)According to our 13F database, Private Capital Management, managed by Gregg J. Powers, holds the largest position in EZCORP Inc (NASDAQ:EZPW). Private Capital Management has a $35.1 million position in the stock, comprising 3.3% of its 13F portfolio. The second largest stake is held by GMT Capital, managed by Thomas E. Claugus, which held a $30.6 million position; 0.7% of its 13F portfolio is allocated to the company. Other hedge funds that are bullish include Peter S. Park’s Park West Asset Management, Ken Griffin’s Citadel Investment Group and Matthew Hulsizer’s PEAK6 Capital Management.

With a general bullishness amongst the titans, certain bigger names were breaking ground themselves. Private Capital Management, managed by Gregg J. Powers, established the most valuable position in EZCORP Inc (NASDAQ:EZPW). Private Capital Management had 35.1 million invested in the company at the end of the quarter. Thomas E. Claugus’s GMT Capital also made a $30.6 million investment in the stock during the quarter. The following funds were also among the new EZPW investors: Peter S. Park’s Park West Asset Management, Ken Griffin’s Citadel Investment Group, and Matthew Hulsizer’s PEAK6 Capital Management.

How have insiders been trading EZCORP Inc (NASDAQ:EZPW)?

Bullish insider trading is most useful when the primary stock in question has experienced transactions within the past 180 days. Over the latest six-month time frame, EZCORP Inc (NASDAQ:EZPW) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to EZCORP Inc (NASDAQ:EZPW). These stocks are Barnes & Noble, Inc. (NYSE:BKS), Finish Line Inc (NASDAQ:FINL), OfficeMax Inc (NYSE:OMX), Francesca’s Holdings Corp (NASDAQ:FRAN), and Office Depot Inc (NYSE:ODP). This group of stocks are the members of the specialty retail, other industry and their market caps are similar to EZPW’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!