Invenomic Capital Management LP Purchases 439,937 Shares of EZCORP, Inc. $EZPW

Key Points

• Invenomic Capital Management LP increased its stake in EZCORP, Inc. by 55.7% in Q1, now owning 1,229,705 shares valued at approximately $18.1 million.
• EZCORP reported $0.33 EPS for the last quarter, exceeding analyst expectations of $0.23 EPS, with revenues of $310.98 million compared to anticipated $302.25 million.
• Analysts' ratings for EZCORP are mixed, with a consensus rating of "Moderate Buy" and a target price of $18.50, while Canaccord Genuity set a target price of $25.00.

Invenomic Capital Management LP raised its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 55.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,229,705 shares of the credit services provider's stock after buying an additional 439,937 shares during the period. Invenomic Capital Management LP owned about 2.24% of EZCORP worth $18,101,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EZPW. GAMMA Investing LLC grew its position in shares of EZCORP by 60.4% in the 1st quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider's stock valued at $75,000 after buying an additional 1,906 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of EZCORP in the 1st quarter valued at about $91,000. Quarry LP lifted its stake in shares of EZCORP by 652.4% in the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider's stock valued at $112,000 after purchasing an additional 6,622 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of EZCORP in the 4th quarter valued at about $138,000. Finally, Entropy Technologies LP acquired a new position in shares of EZCORP in the 1st quarter valued at about $149,000. Institutional investors own 99.83% of the company's stock.

Insider Transactions at EZCORP

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

EZCORP Stock Down 1.6%

EZCORP stock traded down $0.27 during midday trading on Wednesday, reaching $16.78. The stock had a trading volume of 213,436 shares, compared to its average volume of 962,045. EZCORP, Inc. has a 12 month low of $10.56 and a 12 month high of $17.26. The company has a market capitalization of $1.02 billion, a P/E ratio of 13.07 and a beta of 0.63. The company has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $14.55. 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 (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.10. The business had revenue of $310.98 million during 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%. As a group, equities analysts expect that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EZPW shares. Canaccord Genuity Group reissued a "buy" rating and issued a $25.00 price objective on shares of EZCORP in a research note on Friday, August 1st. Stephens reissued an "equal weight" rating and issued a $17.00 price objective on shares of EZCORP in a research note on Tuesday, May 20th. Wall Street Zen raised EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Finally, BTIG Research started coverage on EZCORP in a research note on Wednesday, May 14th. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.50.

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.