EZCORP, Inc. $EZPW Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,800 shares of the credit services provider’s stock after selling 2,800 shares during the period. Swiss National Bank owned 0.18% of EZCORP worth $1,469,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EZPW. Vanguard Group Inc. grew its holdings in EZCORP by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,263,712 shares of the credit services provider’s stock valued at $48,042,000 after buying an additional 9,968 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of EZCORP by 18.4% during the fourth 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 acquiring an additional 310,706 shares during the last quarter. Divisadero Street Capital Management LP increased its position in EZCORP by 1,699.2% during the 4th quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider’s stock worth $15,232,000 after purchasing an additional 1,177,166 shares in the last quarter. Millennium Management LLC raised its stake in EZCORP by 23.9% in the 4th quarter. Millennium Management LLC now owns 1,195,784 shares of the credit services provider’s stock valued at $14,612,000 after purchasing an additional 231,018 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in EZCORP by 1.3% in the 4th quarter. Two Sigma Advisers LP now owns 1,022,570 shares of the credit services provider’s stock valued at $12,496,000 after purchasing an additional 12,800 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EZCORP

In related news, COO John Blair Jr. Powell sold 3,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 145,983 shares in the company, valued at approximately $2,016,025.23. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EZPW. BTIG Research began coverage on shares of EZCORP in a research note on Wednesday, May 14th. They set a “neutral” rating on the stock. Stephens reissued an “equal weight” rating and set a $17.00 price objective on shares of EZCORP in a research note on Tuesday, May 20th. Canaccord Genuity Group restated a “buy” rating and set a $25.00 target price on shares of EZCORP in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded EZCORP from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

EZCORP Price Performance

Shares of EZCORP stock opened at $16.00 on Monday. The business’s fifty day moving average price is $14.27 and its 200 day moving average price is $14.32. EZCORP, Inc. has a twelve month low of $10.56 and a twelve month high of $16.60. 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 $974.40 million, a P/E ratio of 12.50 and a beta of 0.56.

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