What Smart Money Thinks about EZCORP Inc (EZPW)?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually said goodbye to their positions entirely. Intriguingly, Peter S. Park’s Park West Asset Management said goodbye to the biggest investment of the “upper crust” of funds monitored by Insider Monkey, worth close to $6.2 million in stock, and First Eagle Investment Management was right behind this move, as the fund dumped about $2.7 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as EZCORP Inc (NASDAQ:EZPW) but similarly valued. These stocks are Overstock.com, Inc. (NASDAQ:OSTK), Sangamo Biosciences, Inc. (NASDAQ:SGMO), Village Super Market, Inc. (NASDAQ:VLGEA), and AG Mortgage Investment Trust Inc (NYSE:MITT). This group of stocks’ market values resemble EZPW’s market value.

As you can see these stocks had an average of 10 funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $110 million in EZPW’s case. Sangamo Biosciences, Inc. (NASDAQ:SGMO) is the most popular stock in this table with 17 funds holding long pozitions. On the other hand Village Super Market, Inc. (NASDAQ:VLGEA) is the least popular one with only 5 bullish hedge fund positions. EZCORP Inc (NASDAQ:EZPW) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Sangamo Biosciences, Inc. (NASDAQ:SGMO) might be a better candidate to consider taking a long position in.