PharVision Advisers LLC Acquires Shares of 24,003 EZCORP, Inc. $EZPW

Key Points

• PharVision Advisers LLC purchased 24,003 shares of EZCORP, Inc. valued at approximately $353,000 during the first quarter.
• EZCORP reported earnings of $0.33 per share for the last quarter, exceeding expectations of $0.23, with a total revenue of $310.98 million.
• Analysts maintain a positive outlook on EZCORP stock, with Canaccord Genuity setting a target price of $25.00 and a consensus target price of $18.50.

PharVision Advisers LLC purchased a new position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,003 shares of the credit services provider's stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of EZCORP by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,263,712 shares of the credit services provider's stock valued at $48,042,000 after purchasing an additional 9,968 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of EZCORP by 18.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,002,197 shares of the credit services provider's stock worth $24,467,000 after purchasing an additional 310,706 shares during the last quarter. Boston Partners increased its stake in shares of EZCORP by 289.7% during the 1st quarter. Boston Partners now owns 1,569,488 shares of the credit services provider's stock valued at $23,499,000 after acquiring an additional 1,166,758 shares during the last quarter. Invesco Ltd. grew its holdings in shares of EZCORP by 31.0% during the 1st quarter. Invesco Ltd. now owns 1,520,830 shares of the credit services provider's stock worth $22,387,000 after purchasing an additional 359,543 shares during the period. Finally, Millennium Management LLC lifted its position in shares of EZCORP by 21.8% during the first quarter. Millennium Management LLC now owns 1,455,869 shares of the credit services provider's stock worth $21,430,000 after purchasing an additional 260,085 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

EZCORP Stock Performance

EZPW stock traded down $0.03 during midday trading on Tuesday, hitting $17.05. 796,492 shares of the company traded hands, compared to its average volume of 587,823. The company has a quick ratio of 5.00, a current ratio of 6.31 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $15.05 and a 200-day simple moving average of $14.55. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.32 and a beta of 0.63. EZCORP, Inc. has a twelve month low of $10.56 and a twelve month high of $17.23.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted 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. EZCORP had a return on equity of 11.85% and a net margin of 7.96%.The firm had revenue of $310.98 million during the quarter, compared to analysts' expectations of $302.25 million. As a group, equities research analysts predict that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

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.