Divisadero Street Capital Management LP Purchases 1,177,166 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Divisadero Street Capital Management LP increased its position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 1,699.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,246,445 shares of the credit services provider's stock after buying an additional 1,177,166 shares during the quarter. EZCORP accounts for 1.8% of Divisadero Street Capital Management LP's portfolio, making the stock its 17th biggest holding. Divisadero Street Capital Management LP owned approximately 2.29% of EZCORP worth $15,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EZPW. GAMMA Investing LLC increased its stake in EZCORP by 97.0% in the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 1,554 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of EZCORP in the 4th quarter valued at approximately $122,000. LPL Financial LLC raised its holdings in shares of EZCORP by 39.3% in the 4th quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock worth $176,000 after buying an additional 4,070 shares in the last quarter. R Squared Ltd bought a new position in shares of EZCORP during the 4th quarter worth approximately $186,000. Finally, Fox Run Management L.L.C. acquired a new stake in EZCORP in the 4th quarter valued at $188,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EZPW has been the subject of a number of analyst reports. Roth Mkm initiated coverage on EZCORP in a report on Monday, March 17th. They set a "buy" rating and a $16.00 price objective for the company. Canaccord Genuity Group reduced their price target on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. StockNews.com raised shares of EZCORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Roth Capital set a $16.00 target price on shares of EZCORP in a research note on Monday, March 17th. Finally, Stephens restated an "equal weight" rating and set a $13.50 price target on shares of EZCORP in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $17.38.

EZCORP Price Performance

EZPW traded down $0.20 during midday trading on Monday, hitting $14.65. The company had a trading volume of 441,171 shares, compared to its average volume of 696,509. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. The company has a market capitalization of $805.68 million, a PE ratio of 12.78 and a beta of 0.59. EZCORP, Inc. has a twelve month low of $9.66 and a twelve month high of $16.60. The firm's 50-day simple moving average is $14.98 and its 200-day simple moving average is $13.32.

EZCORP (NASDAQ:EZPW - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. The business had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. Equities research analysts predict that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

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.