Janney Montgomery Scott LLC lifted its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 680.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 148,480 shares of the credit services provider's stock after purchasing an additional 129,460 shares during the period. Janney Montgomery Scott LLC owned about 0.27% of EZCORP worth $2,186,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in EZPW. Principal Financial Group Inc. boosted its position in EZCORP by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 246,887 shares of the credit services provider's stock valued at $3,017,000 after buying an additional 6,438 shares during the period. Y Intercept Hong Kong Ltd bought a new position in EZCORP during the 4th quarter worth approximately $210,000. Bank of New York Mellon Corp grew its position in EZCORP by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 304,235 shares of the credit services provider's stock worth $3,718,000 after acquiring an additional 5,034 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in EZCORP by 47.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 19,753 shares of the credit services provider's stock worth $241,000 after purchasing an additional 6,360 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in EZCORP by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 343,445 shares of the credit services provider's stock worth $4,197,000 after purchasing an additional 9,906 shares during the period. Institutional investors own 99.83% of the company's stock.
Insider Buying and Selling
In related news, COO John Blair Jr. Powell sold 3,500 shares of EZCORP stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $13.81, for a total transaction of $48,335.00. Following the sale, the chief operating officer now directly owns 145,983 shares in the company, valued at $2,016,025.23. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 86,000 shares of company stock valued at $1,220,010 over the last three months. Corporate insiders own 2.13% of the company's stock.
Analyst Upgrades and Downgrades
EZPW has been the subject of a number of analyst reports. Roth Capital set a $16.00 price objective on EZCORP in a research note on Monday, March 17th. Canaccord Genuity Group lowered their price target on shares of EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Wall Street Zen raised shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Roth Mkm started coverage on shares of EZCORP in a report on Monday, March 17th. They issued a "buy" rating and a $16.00 price target on the stock. Finally, BTIG Research started coverage on shares of EZCORP in a research note on Wednesday, May 14th. They set a "neutral" rating for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.25.
Check Out Our Latest Stock Analysis on EZPW
EZCORP Price Performance
Shares of EZPW remained flat at $13.62 during mid-day trading on Friday. The stock had a trading volume of 555,887 shares, compared to its average volume of 767,695. The company has a quick ratio of 3.25, a current ratio of 4.04 and a debt-to-equity ratio of 0.61. The stock has a market cap of $749.24 million, a price-to-earnings ratio of 11.45 and a beta of 0.53. The business has a 50-day simple moving average of $14.14 and a 200-day simple moving average of $13.64. 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 earnings per share 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 business had revenue of $306.32 million for the quarter, compared to analysts' expectations of $310.35 million. Sell-side analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.
About EZCORP
(
Free Report)
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.
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