Jackson Creek Investment Advisors LLC Takes $1.73 Million Position in EZCORP, Inc. (NASDAQ:EZPW)

Jackson Creek Investment Advisors LLC bought a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 117,503 shares of the credit services provider's stock, valued at approximately $1,730,000. EZCORP makes up approximately 0.5% of Jackson Creek Investment Advisors LLC's investment portfolio, making the stock its 25th biggest holding. Jackson Creek Investment Advisors LLC owned approximately 0.21% of EZCORP at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EZPW. Divisadero Street Capital Management LP grew its position 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 worth $15,232,000 after buying an additional 1,177,166 shares in the last quarter. Invenomic Capital Management LP raised its stake in shares of EZCORP by 317.1% in 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 acquiring an additional 600,435 shares during the last quarter. Cerity Partners LLC bought a new position in shares of EZCORP in the first quarter valued at approximately $8,310,000. Silvercrest Asset Management Group LLC boosted its position in EZCORP by 18.4% in the 4th 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 buying an additional 310,706 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in shares of EZCORP in the 4th quarter valued at $3,054,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EZCORP

In other news, COO John Blair Jr. Powell sold 3,500 shares of EZCORP stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $13.81, for a total value of $48,335.00. Following the completion of the sale, the chief operating officer directly owned 145,983 shares in the company, valued at approximately $2,016,025.23. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 86,000 shares of company stock valued at $1,220,010 in the last three months. 2.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen upgraded shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Canaccord Genuity Group increased their target price on EZCORP from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. BTIG Research started coverage on EZCORP in a report on Wednesday, May 14th. They set a "neutral" rating for the company. Finally, Stephens reaffirmed an "equal weight" rating and issued a $17.00 target price on shares of EZCORP in a research report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.50.

EZCORP Stock Performance

EZCORP stock traded up $0.03 during midday trading on Monday, reaching $14.01. 77,319 shares of the company's stock were exchanged, compared to its average volume of 782,297. EZCORP, Inc. has a 52 week low of $9.91 and a 52 week high of $16.60. The firm has a market cap of $770.42 million, a price-to-earnings ratio of 11.77 and a beta of 0.52. The stock's 50-day simple moving average is $13.63 and its 200 day simple moving average is $13.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.25 and a current ratio of 4.04.

EZCORP (NASDAQ:EZPW - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. EZCORP had a return on equity of 11.53% and a net margin of 7.45%. The company had revenue of $306.32 million during the quarter, compared to analysts' expectations of $310.35 million. On average, analysts expect that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal 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.