Triumph Capital Management Invests $398,000 in 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 acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC boosted its stake in shares of EZCORP by 6.7% in the 1st quarter. Hsbc Holdings PLC now owns 60,614 shares of the credit services provider's stock valued at $901,000 after buying an additional 3,792 shares during the period. Ritholtz Wealth Management purchased a new stake in EZCORP during the first quarter worth approximately $382,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in EZCORP by 6.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,641 shares of the credit services provider's stock worth $1,132,000 after purchasing an additional 5,524 shares during the last quarter. SG Americas Securities LLC purchased a new stake in EZCORP during the first quarter worth approximately $902,000. Finally, Janney Montgomery Scott LLC lifted its stake in EZCORP by 680.7% during the first quarter. Janney Montgomery Scott LLC now owns 148,480 shares of the credit services provider's stock worth $2,186,000 after purchasing an additional 129,460 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Insiders Place Their Bets

In other EZCORP news, Director Matthew W. Appel sold 9,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $17.03, for a total transaction of $153,270.00. Following the completion of the sale, the director owned 142,409 shares in the company, valued at $2,425,225.27. This trade represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.13% of the stock is currently owned by company insiders.

EZCORP Trading Down 1.0%

NASDAQ EZPW traded down $0.17 during trading hours on Friday, hitting $17.72. 2,779,475 shares of the company's stock were exchanged, compared to its average volume of 636,725. The business's 50 day moving average is $15.59 and its 200-day moving average is $14.76. EZCORP, Inc. has a 12-month low of $10.56 and a 12-month high of $18.04. The firm has a market capitalization of $1.08 billion, a P/E ratio of 13.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.00 and a current ratio of 6.31.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.10. EZCORP had a return on equity of 11.85% and a net margin of 7.96%.The business had revenue of $310.98 million during the quarter, compared to analyst estimates of $302.25 million. As a group, analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EZPW has been the subject of several recent analyst reports. Canaccord Genuity Group restated 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 EZCORP from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. One research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.