Bastion Asset Management Inc. Makes New $3.05 Million Investment in EZCORP, Inc. (NASDAQ:EZPW)

Bastion Asset Management Inc. acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 266,875 shares of the credit services provider's stock, valued at approximately $3,054,000. EZCORP makes up 2.0% of Bastion Asset Management Inc.'s holdings, making the stock its 22nd biggest holding. Bastion Asset Management Inc. owned 0.49% of EZCORP as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Inspire Investing LLC purchased a new position in EZCORP during the fourth quarter valued at $865,000. Barclays PLC lifted its stake in EZCORP by 11.3% in the 3rd quarter. Barclays PLC now owns 92,166 shares of the credit services provider's stock valued at $1,033,000 after buying an additional 9,328 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of EZCORP during the fourth quarter valued at approximately $1,860,000. Y Intercept Hong Kong Ltd purchased a new position in shares of EZCORP in the fourth quarter valued at approximately $210,000. Finally, Geode Capital Management LLC boosted its stake in shares of EZCORP by 1.8% in the third quarter. Geode Capital Management LLC now owns 595,870 shares of the credit services provider's stock worth $6,683,000 after acquiring an additional 10,390 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

EZCORP Trading Down 0.1 %

EZCORP stock traded down $0.01 during midday trading on Friday, hitting $14.79. 298,304 shares of the stock were exchanged, compared to its average volume of 695,273. The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $813.66 million, a price-to-earnings ratio of 12.86 and a beta of 0.59. The stock's 50-day simple moving average is $14.95 and its 200 day simple moving average is $13.27. EZCORP, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $16.60.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. The firm had revenue of $306.32 million for the quarter, compared to analyst estimates of $310.35 million. On average, equities analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EZPW. StockNews.com upgraded EZCORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Stephens reissued an "equal weight" rating and issued a $13.50 price target on shares of EZCORP in a research note on Thursday, February 6th. Roth Mkm started coverage on shares of EZCORP in a research note on Monday, March 17th. They set a "buy" rating and a $16.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Roth Capital set a $16.00 price target on EZCORP in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $17.38.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.