Bastion Asset Management Inc. Purchases New Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Bastion Asset Management Inc. acquired a new stake in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 266,875 shares of the credit services provider's stock, valued at approximately $3,054,000. EZCORP accounts for approximately 2.0% of Bastion Asset Management Inc.'s investment portfolio, making the stock its 22nd largest holding. Bastion Asset Management Inc. owned 0.49% of EZCORP as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of EZPW. BNP Paribas Financial Markets grew its stake in shares of EZCORP by 55.3% during the 4th quarter. BNP Paribas Financial Markets now owns 740,807 shares of the credit services provider's stock worth $9,053,000 after acquiring an additional 263,911 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in EZCORP during the fourth quarter valued at about $348,000. Lido Advisors LLC boosted its position in EZCORP by 56.2% during the fourth quarter. Lido Advisors LLC now owns 29,035 shares of the credit services provider's stock worth $355,000 after purchasing an additional 10,452 shares during the period. Northern Trust Corp increased its stake in shares of EZCORP by 43.9% in the fourth quarter. Northern Trust Corp now owns 292,927 shares of the credit services provider's stock worth $3,580,000 after purchasing an additional 89,357 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of EZCORP by 183.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 56,637 shares of the credit services provider's stock valued at $692,000 after purchasing an additional 36,634 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

EZCORP Trading Down 0.5 %

EZPW stock traded down $0.08 during midday trading on Wednesday, hitting $14.66. The company had a trading volume of 720,192 shares, compared to its average volume of 694,556. The stock has a market cap of $806.51 million, a price-to-earnings ratio of 12.75 and a beta of 0.59. 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's 50 day moving average price is $14.92 and its 200 day moving average price is $13.25. EZCORP, Inc. has a 52 week low of $9.66 and a 52 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 analysts' consensus estimates of $0.32 by $0.02. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. The business had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. As a group, equities research analysts expect that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

About EZCORP

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.