24,606 Shares in EZCORP, Inc. $EZPW Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new position in EZCORP, Inc., purchasing 24,606 shares for approximately $362,000 during the first quarter.
• Director Matthew W. Appel sold 9,000 shares at an average price of $17.03, reducing his stake in the company by nearly 6%.
• EZCORP stock has been rated with a "Moderate Buy" with an average target price of $18.50, reflecting confidence from analysts following strong quarterly earnings performance.

Caxton Associates LLP bought a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,606 shares of the credit services provider's stock, valued at approximately $362,000.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in EZCORP by 60.4% during the first quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider's stock worth $75,000 after acquiring an additional 1,906 shares during the period. National Bank of Canada FI acquired a new position in EZCORP during the first quarter worth about $91,000. Quarry LP grew its holdings in EZCORP by 652.4% during the first quarter. Quarry LP now owns 7,637 shares of the credit services provider's stock worth $112,000 after acquiring an additional 6,622 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in EZCORP during the fourth quarter worth about $138,000. Finally, Entropy Technologies LP acquired a new position in EZCORP during the first quarter worth about $149,000. 99.83% of the stock is currently owned by institutional investors.

Insider Activity

In other EZCORP news, Director Matthew W. Appel sold 9,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $17.03, for a total value of $153,270.00. Following the completion of the sale, the director directly owned 142,409 shares in the company, valued at $2,425,225.27. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

EZPW has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $25.00 price target on shares of EZCORP in a research note on Friday, August 1st. Wall Street Zen raised EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, EZCORP has an average rating of "Moderate Buy" and an average price target of $18.50.

EZCORP Price Performance

EZCORP stock traded up $0.82 on Thursday, reaching $17.89. The company's stock had a trading volume of 1,556,610 shares, compared to its average volume of 581,586. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.00 and a current ratio of 6.31. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 13.98 and a beta of 0.63. The business's fifty day moving average price is $15.52 and its 200 day moving average price is $14.72. EZCORP, Inc. has a twelve month low of $10.56 and a twelve month high of $17.90.

EZCORP (NASDAQ:EZPW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. EZCORP had a return on equity of 11.85% and a net margin of 7.96%.The business had revenue of $310.98 million for the quarter, compared to analyst estimates of $302.25 million. Equities analysts expect that EZCORP, Inc. will post 1.3 earnings per share 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.