EZCORP, Inc. (NASDAQ:EZPW) Holdings Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 40.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,681 shares of the credit services provider's stock after purchasing an additional 62,053 shares during the quarter. Exchange Traded Concepts LLC owned 0.39% of EZCORP worth $3,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EZPW. Ritholtz Wealth Management purchased a new position in shares of EZCORP in the first quarter valued at $382,000. SG Americas Securities LLC acquired a new stake in EZCORP in the 1st quarter valued at about $902,000. GAMMA Investing LLC increased its holdings in EZCORP by 60.4% during the 1st quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider's stock valued at $75,000 after acquiring an additional 1,906 shares in the last quarter. Requisite Capital Management LLC raised its position in EZCORP by 9.7% during the first quarter. Requisite Capital Management LLC now owns 173,998 shares of the credit services provider's stock worth $2,561,000 after acquiring an additional 15,453 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of EZCORP in the fourth quarter valued at about $465,000. 99.83% of the stock is owned by institutional investors and hedge funds.

EZCORP Stock Down 0.2%

EZPW traded down $0.02 during trading hours on Tuesday, reaching $13.30. 983,070 shares of the stock traded hands, compared to its average volume of 753,500. EZCORP, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $16.60. The company has a market cap of $731.69 million, a price-to-earnings ratio of 11.57 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13. The firm's fifty day simple moving average is $14.54 and its two-hundred day simple moving average is $13.60.

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

Insiders Place Their Bets

In other EZCORP news, COO John Blair Jr. Powell sold 42,500 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $14.55, for a total transaction of $618,375.00. Following the completion of the transaction, the chief operating officer now directly owns 189,483 shares of the company's stock, valued at $2,756,977.65. This trade represents a 18.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 86,000 shares of company stock worth $1,220,010 in the last three months. 2.13% of the stock is owned by insiders.

Analyst Ratings Changes

EZPW has been the subject of a number of recent research reports. Roth Capital set a $16.00 price objective on shares of EZCORP in a research note on Monday, March 17th. Stephens reissued an "equal weight" rating and set a $17.00 price target on shares of EZCORP in a research report on Tuesday, May 20th. Wall Street Zen upgraded EZCORP from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Roth Mkm assumed coverage on EZCORP in a research note on Monday, March 17th. They set a "buy" rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity Group cut 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. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $18.25.

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.