Kanen Wealth Management LLC Sells 750,219 Shares of EZCORP, Inc. $EZPW

Key Points

• Kanen Wealth Management LLC sold 750,219 shares of EZCORP, reducing its position by 47.2%, leaving it with approximately 840,358 shares valued at $11.66 million.
• EZCORP reported a net margin of 7.96% and exceeded revenue expectations with $310.98 million in the latest quarter, leading analysts to forecast upcoming earnings per share of 1.3 for the year.
• Investment firms have shown positive sentiment toward EZCORP, with Canaccord Genuity Group setting a target price of $25.00, and multiple analysts rating the stock as a "Moderate Buy."

Kanen Wealth Management LLC lessened its position in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 47.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 840,358 shares of the credit services provider's stock after selling 750,219 shares during the period. EZCORP makes up 4.5% of Kanen Wealth Management LLC's portfolio, making the stock its 9th biggest position. Kanen Wealth Management LLC owned approximately 1.53% of EZCORP worth $11,664,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EZPW. GAMMA Investing LLC increased its holdings 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 worth $75,000 after acquiring an additional 1,906 shares during the period. National Bank of Canada FI acquired a new position in EZCORP during the 1st quarter valued at about $91,000. Quarry LP increased its stake in EZCORP by 652.4% during the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider's stock valued at $112,000 after buying an additional 6,622 shares during the period. Entropy Technologies LP acquired a new position in EZCORP during the 1st quarter valued at about $149,000. Finally, Virtu Financial LLC acquired a new position in EZCORP during the 1st quarter valued at about $161,000. Institutional investors and hedge funds own 99.83% of the company's stock.

EZCORP Stock Performance

Shares of EZPW opened at $18.03 on Tuesday. EZCORP, Inc. has a one year low of $10.56 and a one year high of $18.34. The company has a 50-day moving average of $15.66 and a two-hundred day moving average of $14.81. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.09 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.31 and a quick ratio of 5.00.

EZCORP (NASDAQ:EZPW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The credit services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. EZCORP had a net margin of 7.96% and a return on equity of 11.85%. The company had revenue of $310.98 million during the quarter, compared to analysts' expectations of $302.25 million. On average, equities research analysts expect that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on EZPW. Canaccord Genuity Group reissued a "buy" rating and set a $25.00 target price on shares of EZCORP in a research note on Friday, August 1st. Wall Street Zen raised shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, EZCORP currently has an average rating of "Moderate Buy" and an average price target of $18.50.

Insider Activity at EZCORP

In other EZCORP news, Director Matthew W. Appel sold 9,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $17.03, for a total value of $153,270.00. Following the completion of the transaction, the director directly owned 142,409 shares in the company, valued at $2,425,225.27. This trade represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.13% of the stock is currently owned by insiders.

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.

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