Triumph Capital Management Buys Shares of 28,682 EZCORP, Inc. $EZPW

Key Points

• Triumph Capital Management has acquired 28,682 shares of EZCORP, Inc., valued at approximately $398,000, increasing institutional ownership of the company to 99.83%.
• Analysts have a consensus rating of Moderate Buy for EZCORP, with a target price averaging $18.50, indicating expected growth in the company's stock.
• EZCORP recently reported earnings of $0.33 EPS, surpassing expectations, and had a revenue of $310.98 million for the quarter, indicating strong financial performance.

Triumph Capital Management bought a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 28,682 shares of the credit services provider's stock, valued at approximately $398,000. Triumph Capital Management owned 0.05% of EZCORP as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,906 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of EZCORP in the 1st quarter valued at approximately $91,000. Quarry LP boosted its stake in shares of EZCORP by 652.4% in the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider's stock valued at $112,000 after purchasing an additional 6,622 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of EZCORP in the 1st quarter valued at approximately $149,000. Finally, Virtu Financial LLC acquired a new stake in shares of EZCORP in the 1st quarter valued at approximately $161,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stephens restated an "equal weight" rating and issued a $17.00 price target on shares of EZCORP in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $25.00 price target on shares of EZCORP in a research note on Friday, August 1st. One 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.50.

EZCORP Trading Down 0.6%

NASDAQ:EZPW opened at $17.16 on Wednesday. The company has a current ratio of 6.31, a quick ratio of 5.00 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.41 and a beta of 0.63. The firm has a fifty day simple moving average of $15.36 and a two-hundred day simple moving average of $14.68. EZCORP, Inc. has a 12 month low of $10.56 and a 12 month high of $17.53.

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, topping analysts' consensus estimates of $0.23 by $0.10. The business 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%. Analysts expect that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling

In other EZCORP news, Director Matthew W. Appel sold 9,000 shares of the firm's stock in a transaction on 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 sale, the director directly owned 142,409 shares in the company, valued at approximately $2,425,225.27. This trade represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.13% of the company's stock.

About EZCORP

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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