New Age Alpha Advisors LLC increased its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 61.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,926 shares of the credit services provider's stock after acquiring an additional 42,446 shares during the period. New Age Alpha Advisors LLC owned approximately 0.20% of EZCORP worth $1,648,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EZPW. Teza Capital Management LLC raised its stake in EZCORP by 6.6% in the fourth quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock worth $176,000 after buying an additional 896 shares in the last quarter. GAMMA Investing LLC increased its position in shares of EZCORP by 60.4% during the first quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider's stock worth $75,000 after purchasing an additional 1,906 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of EZCORP by 16.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,874 shares of the credit services provider's stock worth $278,000 after purchasing an additional 2,725 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of EZCORP by 4.3% during the first quarter. New York State Teachers Retirement System now owns 80,099 shares of the credit services provider's stock worth $1,179,000 after purchasing an additional 3,279 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of EZCORP by 39.3% during the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock worth $176,000 after purchasing an additional 4,070 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.
Insider Buying and Selling
In other news, COO John Blair Jr. Powell sold 10,000 shares of EZCORP stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $13.26, for a total value of $132,600.00. Following the sale, the chief operating officer owned 149,483 shares of the company's stock, valued at $1,982,144.58. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 23,500 shares of company stock valued at $318,235 in the last quarter. Insiders own 2.13% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Stephens reissued an "equal weight" rating and set a $17.00 price objective on shares of EZCORP in a report on Tuesday, May 20th. 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 reiterated a "buy" rating and issued a $25.00 price objective on shares of EZCORP in a report on Friday, August 1st. Finally, BTIG Research initiated coverage on shares of EZCORP in a research note on Wednesday, May 14th. They issued a "neutral" rating for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $18.50.
Check Out Our Latest Research Report on EZCORP
EZCORP Stock Up 0.6%
EZPW stock traded up $0.10 during midday trading on Tuesday, hitting $15.70. The company's stock had a trading volume of 161,927 shares, compared to its average volume of 1,005,622. The company has a quick ratio of 5.00, a current ratio of 6.31 and a debt-to-equity ratio of 0.52. EZCORP, Inc. has a 52-week low of $10.56 and a 52-week high of $16.60. The firm has a market capitalization of $956.13 million, a P/E ratio of 12.25 and a beta of 0.56. The firm has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $14.10.
EZCORP (NASDAQ:EZPW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The company had revenue of $310.98 million during the quarter, compared to analysts' expectations of $302.25 million. EZCORP had a net margin of 7.96% and a return on equity of 11.85%. As a group, equities analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current year.
EZCORP Profile
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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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