Rhumbline Advisers Sells 3,034 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Rhumbline Advisers decreased its position in EZCORP, Inc. (NASDAQ:EZPW) by 4.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,416 shares of the credit services provider’s stock after selling 3,034 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of EZCORP worth $1,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EZPW. Silvercrest Asset Management Group LLC increased its position 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 valued at $24,467,000 after purchasing an additional 310,706 shares during the last quarter. Divisadero Street Capital Management LP increased its holdings in EZCORP by 1,699.2% during the fourth quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider’s stock valued at $15,232,000 after buying an additional 1,177,166 shares during the last quarter. Millennium Management LLC raised its position in EZCORP by 23.9% in the fourth quarter. Millennium Management LLC now owns 1,195,784 shares of the credit services provider’s stock worth $14,612,000 after acquiring an additional 231,018 shares during the period. Two Sigma Advisers LP boosted its stake in shares of EZCORP by 1.3% during the 4th quarter. Two Sigma Advisers LP now owns 1,022,570 shares of the credit services provider’s stock worth $12,496,000 after acquiring an additional 12,800 shares during the last quarter. Finally, Invenomic Capital Management LP boosted its stake in shares of EZCORP by 317.1% during the 4th quarter. Invenomic Capital Management LP now owns 789,768 shares of the credit services provider’s stock worth $9,651,000 after acquiring an additional 600,435 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EZPW. Stephens restated an “equal weight” rating and issued a $17.00 price objective on shares of EZCORP in a research note on Tuesday, May 20th. Wall Street Zen upgraded EZCORP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 14th. BTIG Research began coverage on EZCORP in a research report on Wednesday, May 14th. They set a “neutral” rating on the stock. Roth Capital set a $16.00 price objective on EZCORP in a research note on Monday, March 17th. Finally, Canaccord Genuity Group decreased their target price on shares of EZCORP from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.25.

EZCORP Trading Down 0.3%

Shares of EZPW stock opened at $13.26 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.25 and a current ratio of 4.04. The stock has a fifty day simple moving average of $14.43 and a two-hundred day simple moving average of $13.60. The firm has a market capitalization of $729.43 million, a PE ratio of 11.14 and a beta of 0.53. EZCORP, Inc. has a 52-week low of $9.66 and a 52-week high of $16.60.

EZCORP (NASDAQ:EZPW) last released its earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $306.32 million during the quarter, compared to analysts’ expectations of $310.35 million. EZCORP had a return on equity of 11.53% and a net margin of 7.45%. On average, analysts predict that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other EZCORP news, COO John Blair Jr. Powell sold 3,500 shares of EZCORP stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $13.81, for a total value of $48,335.00. Following the sale, the chief operating officer now directly owns 145,983 shares in the company, valued at approximately $2,016,025.23. The trade was a 2.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 86,000 shares of company stock worth $1,220,010 in the last three months. 2.13% of the stock is owned by company insiders.

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.