Wavvest Wealth LLC Makes New $1.61 Million Investment in EZCORP, Inc. $EZPW

Key Points

• Wavvest Wealth LLC purchased 54,060 EZCORP shares valued at approximately $1.61 million, making the stock 1.3% of its portfolio. Institutional investors collectively own 99.83% of EZCORP.
• Analysts maintain a generally positive outlook, with six Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $39 versus the reported share price of $33.20.
• EZCORP beat quarterly earnings expectations, reporting $0.47 in EPS versus the $0.41 consensus estimate, although revenue of $408.4 million fell short of analysts’ $425.83 million forecast.

Wavvest Wealth LLC purchased a new position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 54,060 shares of the credit services provider's stock, valued at approximately $1,609,000. EZCORP accounts for approximately 1.3% of Wavvest Wealth LLC's portfolio, making the stock its 19th biggest holding. Wavvest Wealth LLC owned approximately 0.09% of EZCORP at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new stake in EZCORP in the 2nd quarter valued at about $31,000. IFP Advisors Inc lifted its holdings in EZCORP by 546.4% during the third quarter. IFP Advisors Inc now owns 1,183 shares of the credit services provider's stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. KBC Group NV bought a new position in EZCORP during the first quarter worth about $44,000. Fortitude Family Office LLC boosted its position in EZCORP by 4,125.0% during the third quarter. Fortitude Family Office LLC now owns 1,521 shares of the credit services provider's stock worth $45,000 after purchasing an additional 1,485 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of EZCORP by 227.8% in the third quarter. Farther Finance Advisors LLC now owns 1,865 shares of the credit services provider's stock worth $56,000 after purchasing an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EZPW. Canaccord Genuity Group boosted their price target on shares of EZCORP from $44.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, October 15th. Zacks Research cut shares of EZCORP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of EZCORP from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Jefferies Financial Group lifted their price objective on shares of EZCORP from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of EZCORP from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, September 2nd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $39.00.

Insider Buying and Selling

In other EZCORP news, insider Ellen Bryant sold 30,000 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $34.77, for a total value of $1,043,100.00. Following the completion of the transaction, the insider directly owned 117,786 shares of the company's stock, valued at $4,095,419.22. This trade represents a 20.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.13% of the stock is currently owned by insiders.

EZCORP Trading Up 0.5%

Shares of EZCORP stock opened at $33.20 on Thursday. EZCORP, Inc. has a 12-month low of $16.50 and a 12-month high of $37.13. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 17.04 and a beta of 0.71. The company has a current ratio of 4.81, a quick ratio of 3.45 and a debt-to-equity ratio of 0.44. The company's 50-day moving average price is $31.67 and its 200-day moving average price is $31.62.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The credit services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.06. The company had revenue of $408.40 million during the quarter, compared to analyst estimates of $425.83 million. EZCORP had a net margin of 9.97% and a return on equity of 13.99%. On average, equities analysts expect that EZCORP, Inc. will post 2.00 earnings per share for the current fiscal year.

EZCORP Profile

EZCORP, Inc is a financial services and retail company that provides pawn loans and sells pre-owned merchandise. Through its pawn stores, the company offers short-term, collateral-based loans secured by personal property such as jewelry, electronics, tools and other consumer goods.

In addition to lending, EZCORP purchases and resells previously owned merchandise, giving customers access to used jewelry, electronics, tools, sporting goods and other products. Its retail operations also support the company's pawn-lending model by providing a sales channel for collateral that is not redeemed.

EZCORP serves customers through stores operating under brands that include EZPAWN and Value Pawn in the United States, as well as related brands in Latin American markets.

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