EZCORP, Inc. $EZPW Shares Sold by Penn Capital Management Company LLC

Key Points

• Penn Capital Management Company LLC has drastically reduced its holdings in EZCORP, Inc. by 96.9%, bringing their total shares down to 12,712 after selling 393,174 shares in the first quarter.
• EZCORP reported earnings per share of $0.33 for the last quarter, exceeding expectations and showing a revenue of $310.98 million, surpassing the consensus estimate.
• Wall Street analysts have mixed ratings on EZCORP, with one "Strong Buy," two "Buy," and two "Hold" ratings, alongside a consensus price target of $18.50.

Penn Capital Management Company LLC lowered its holdings in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 96.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,712 shares of the credit services provider's stock after selling 393,174 shares during the quarter. Penn Capital Management Company LLC's holdings in EZCORP were worth $187,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EZPW. Teza Capital Management LLC increased its holdings in shares of EZCORP by 6.6% in the 4th quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 896 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 1,906 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in EZCORP by 16.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,874 shares of the credit services provider's stock worth $278,000 after buying an additional 2,725 shares during the period. New York State Teachers Retirement System increased its holdings in EZCORP by 4.3% in the first quarter. New York State Teachers Retirement System now owns 80,099 shares of the credit services provider's stock valued at $1,179,000 after buying an additional 3,279 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in EZCORP by 9.3% in the first quarter. HighTower Advisors LLC now owns 39,760 shares of the credit services provider's stock valued at $585,000 after buying an additional 3,393 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

EZCORP Stock Performance

EZCORP stock opened at $16.00 on Friday. EZCORP, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $16.60. The company has a market capitalization of $974.40 million, a price-to-earnings ratio of 12.50 and a beta of 0.56. The stock has a fifty day moving average of $14.27 and a two-hundred day moving average of $14.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.00 and a current ratio of 6.31.

EZCORP (NASDAQ:EZPW - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $310.98 million for the quarter, compared to the consensus estimate of $302.25 million. EZCORP had a return on equity of 11.85% and a net margin of 7.96%. On average, analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen raised EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. BTIG Research started coverage on EZCORP in a research report on Wednesday, May 14th. They set a "neutral" rating on the stock. Stephens restated an "equal weight" rating and issued a $17.00 price target on shares of EZCORP in a research report on Tuesday, May 20th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $25.00 price target on shares of EZCORP in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Insider Transactions at EZCORP

In other EZCORP news, COO John Blair Jr. Powell sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $13.81, for a total value of $48,335.00. Following the transaction, the chief operating officer directly owned 145,983 shares in the company, valued at approximately $2,016,025.23. This represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.13% of the company's stock.

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.

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