Exchange Traded Concepts LLC Purchases 62,053 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Exchange Traded Concepts LLC raised its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 40.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,681 shares of the credit services provider's stock after acquiring an additional 62,053 shares during the period. Exchange Traded Concepts LLC owned approximately 0.39% of EZCORP worth $3,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EZPW. GAMMA Investing LLC raised its holdings in EZCORP by 60.4% in the 1st 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of EZCORP in the 4th quarter worth $122,000. Sherbrooke Park Advisers LLC bought a new stake in shares of EZCORP in the 4th quarter worth $138,000. LPL Financial LLC raised its stake in shares of EZCORP by 39.3% in the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock worth $176,000 after purchasing an additional 4,070 shares during the last quarter. Finally, Teza Capital Management LLC raised its stake in shares of EZCORP by 6.6% in the fourth quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock worth $176,000 after purchasing an additional 896 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

EZCORP Stock Performance

EZPW stock traded down $0.06 during trading on Friday, reaching $13.20. The stock had a trading volume of 710,049 shares, compared to its average volume of 756,542. The firm has a market cap of $726.30 million, a PE ratio of 11.12 and a beta of 0.53. The company has a current ratio of 4.04, a quick ratio of 3.25 and a debt-to-equity ratio of 0.61. The stock's 50 day moving average is $14.43 and its two-hundred day moving average is $13.60. EZCORP, Inc. has a 52 week low of $9.66 and a 52 week 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, beating the consensus estimate of $0.32 by $0.02. EZCORP had a net margin of 7.45% and a return on equity of 11.53%. The firm had revenue of $306.32 million during the quarter, compared to analyst estimates of $310.35 million. As a group, equities analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Insider Buying and Selling at EZCORP

In related news, COO John Blair Jr. Powell sold 42,500 shares of EZCORP stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $14.55, for a total transaction of $618,375.00. Following the transaction, the chief operating officer now directly owns 189,483 shares in the company, valued at approximately $2,756,977.65. The trade was a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 86,000 shares of company stock valued at $1,220,010. Insiders own 2.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Roth Mkm began coverage on EZCORP in a report on Monday, March 17th. They issued a "buy" rating and a $16.00 price objective for the company. Canaccord Genuity Group dropped their price target on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Stephens reissued an "equal weight" rating and set a $17.00 price objective on shares of EZCORP in a report on Tuesday, May 20th. Finally, Roth Capital set a $16.00 price objective on shares of EZCORP in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $18.25.

EZCORP 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.