Goldman Sachs Group Inc. Sells 82,575 Shares of EZCORP, Inc. $EZPW

Key Points

• Goldman Sachs Group Inc. recently reduced its stake in EZCORP, Inc. by selling 82,575 shares, bringing its total holdings to 506,311 shares, worth approximately $7.45 million.
• Several institutional investors, including Boston Partners and Fourth Sail Capital LP, have significantly increased their positions in EZCORP during the first quarter, with Boston Partners boosting its holdings by 289.7%.
• Analysts have mixed ratings for EZCORP, with a consensus rating of "Moderate Buy" and an average target price of $18.50, indicating varying levels of optimism about the stock's potential growth.

Goldman Sachs Group Inc. trimmed its holdings in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 14.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 506,311 shares of the credit services provider's stock after selling 82,575 shares during the quarter. Goldman Sachs Group Inc. owned about 0.92% of EZCORP worth $7,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Voya Investment Management LLC boosted its holdings in shares of EZCORP by 67.3% in the first quarter. Voya Investment Management LLC now owns 108,879 shares of the credit services provider's stock valued at $1,603,000 after acquiring an additional 43,786 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of EZCORP in the first quarter valued at approximately $549,000. Intech Investment Management LLC acquired a new stake in shares of EZCORP in the first quarter valued at approximately $1,646,000. Empowered Funds LLC boosted its holdings in shares of EZCORP by 2.1% in the first quarter. Empowered Funds LLC now owns 348,482 shares of the credit services provider's stock valued at $5,130,000 after acquiring an additional 7,059 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of EZCORP in the first quarter valued at approximately $362,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen raised EZCORP from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $25.00 price target on shares of EZCORP in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, EZCORP presently has an average rating of "Moderate Buy" and an average price target of $18.50.

Insider Activity at EZCORP

In other news, Director Matthew W. Appel sold 9,000 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $17.03, for a total value of $153,270.00. Following the sale, the director owned 142,409 shares of the company's stock, valued at approximately $2,425,225.27. The trade was a 5.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.13% of the company's stock.

EZCORP Stock Down 0.2%

EZPW stock traded down $0.03 during midday trading on Friday, hitting $17.86. 315,706 shares of the company's stock were exchanged, compared to its average volume of 956,285. The company has a current ratio of 6.31, a quick ratio of 5.00 and a debt-to-equity ratio of 0.52. EZCORP, Inc. has a 12-month low of $10.56 and a 12-month high of $18.04. The firm has a 50 day moving average price of $15.52 and a 200-day moving average price of $14.72. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.86 and a beta of 0.63.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $302.25 million. On average, 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.