Triasima Portfolio Management inc. Takes $736,000 Position in EZCORP, Inc. (NASDAQ:EZPW)

Triasima Portfolio Management inc. purchased a new position in EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 50,020 shares of the credit services provider's stock, valued at approximately $736,000. Triasima Portfolio Management inc. owned 0.09% of EZCORP at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EZPW. GAMMA Investing LLC boosted 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 valued at $75,000 after acquiring an additional 1,906 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in EZCORP during the 4th quarter worth about $122,000. Sherbrooke Park Advisers LLC purchased a new position in shares of EZCORP during the 4th quarter valued at about $138,000. Teza Capital Management LLC lifted its holdings in shares of EZCORP by 6.6% in the 4th quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock valued at $176,000 after buying an additional 896 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of EZCORP by 39.3% in the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock worth $176,000 after buying an additional 4,070 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EZPW. BTIG Research initiated coverage on EZCORP in a research report on Wednesday, May 14th. They set a "neutral" rating for the company. Canaccord Genuity Group lifted their target price on shares of EZCORP from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wall Street Zen raised shares of EZCORP from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Finally, Stephens restated an "equal weight" rating and set a $17.00 price target on shares of EZCORP in a research report on Tuesday, May 20th. 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.com, EZCORP currently has a consensus rating of "Buy" and a consensus price target of $18.50.

Insiders Place Their Bets

In other news, COO John Blair Jr. Powell sold 42,500 shares of EZCORP stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $14.55, for a total value of $618,375.00. Following the sale, the chief operating officer owned 189,483 shares in the company, valued at $2,756,977.65. This trade represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 86,000 shares of company stock worth $1,220,010 in the last ninety days. Corporate insiders own 2.13% of the company's stock.

EZCORP Price Performance

EZPW traded up $0.27 during trading on Wednesday, hitting $14.22. The company's stock had a trading volume of 581,383 shares, compared to its average volume of 783,941. The firm has a market capitalization of $782.24 million, a price-to-earnings ratio of 11.95 and a beta of 0.52. EZCORP, Inc. has a twelve month low of $9.91 and a twelve month high of $16.60. The business's fifty day simple moving average is $13.65 and its 200 day simple moving average is $13.82. The company has a current ratio of 4.04, a quick ratio of 3.25 and a debt-to-equity ratio of 0.61.

EZCORP (NASDAQ:EZPW - Get Free Report) last announced its earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $306.32 million for the quarter, compared to analyst estimates of $310.35 million. On average, equities research analysts forecast that EZCORP, Inc. will post 1.3 EPS 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.