EZCORP, Inc. (NASDAQ:EZPW) Shares Sold by Kanen Wealth Management LLC

Kanen Wealth Management LLC lessened its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 27.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,590,577 shares of the credit services provider's stock after selling 610,770 shares during the period. EZCORP comprises about 9.4% of Kanen Wealth Management LLC's investment portfolio, making the stock its 3rd largest position. Kanen Wealth Management LLC owned approximately 2.90% of EZCORP worth $23,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Divisadero Street Capital Management LP increased its stake in EZCORP by 1,699.2% during the fourth quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider's stock valued at $15,232,000 after purchasing an additional 1,177,166 shares during the last quarter. Invenomic Capital Management LP increased its stake in EZCORP by 317.1% during the fourth quarter. Invenomic Capital Management LP now owns 789,768 shares of the credit services provider's stock valued at $9,651,000 after purchasing an additional 600,435 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in EZCORP by 18.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,002,197 shares of the credit services provider's stock valued at $24,467,000 after purchasing an additional 310,706 shares during the last quarter. Royce & Associates LP increased its stake in EZCORP by 77.6% during the fourth quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider's stock valued at $8,047,000 after purchasing an additional 287,818 shares during the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in EZCORP during the fourth quarter valued at $3,054,000. Institutional investors own 99.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on EZPW shares. Canaccord Genuity Group lowered their target price on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Stephens reiterated an "equal weight" rating and set a $17.00 target price on shares of EZCORP in a research note on Tuesday, May 20th. Roth Mkm started coverage on shares of EZCORP in a research report on Monday, March 17th. They set a "buy" rating and a $16.00 price target for the company. Roth Capital set a $16.00 price target on shares of EZCORP in a research report on Monday, March 17th. Finally, Wall Street Zen lowered shares of EZCORP from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Two analysts have 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. According to MarketBeat.com, EZCORP currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

Insider Buying and Selling

In related news, COO John Blair Jr. Powell sold 42,500 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $14.55, for a total value of $618,375.00. Following the completion of the sale, the chief operating officer now owns 189,483 shares of the company's stock, valued at $2,756,977.65. This represents a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 86,000 shares of company stock valued at $1,220,010 over the last 90 days. 2.13% of the stock is currently owned by company insiders.

EZCORP Stock Performance

Shares of EZCORP stock traded down $0.03 during trading on Wednesday, hitting $13.71. 777,822 shares of the stock were exchanged, compared to its average volume of 748,542. The stock's fifty day moving average is $14.67 and its 200 day moving average is $13.57. The stock has a market cap of $754.24 million, a PE ratio of 11.92 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. EZCORP, Inc. has a 12 month low of $9.66 and a 12 month 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, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. As a group, sell-side analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current 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.