State of Wyoming Lowers Stock Holdings in EZCORP, Inc. $EZPW

State of Wyoming reduced its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 90.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,980 shares of the credit services provider’s stock after selling 36,925 shares during the period. State of Wyoming’s holdings in EZCORP were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management purchased a new position in shares of EZCORP during the first quarter worth $382,000. Hsbc Holdings PLC raised its stake in shares of EZCORP by 6.7% in the first quarter. Hsbc Holdings PLC now owns 60,614 shares of the credit services provider’s stock valued at $901,000 after acquiring an additional 3,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of EZCORP by 6.3% in 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 valued at $1,132,000 after acquiring an additional 5,524 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of EZCORP in the first quarter valued at $902,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of EZCORP by 680.7% in the first quarter. Janney Montgomery Scott LLC now owns 148,480 shares of the credit services provider’s stock valued at $2,186,000 after acquiring an additional 129,460 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

EZCORP Stock Down 0.2%

EZPW opened at $17.05 on Wednesday. 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, Inc. has a one year low of $10.56 and a one year high of $17.23. The business’s 50-day simple moving average is $15.05 and its 200-day simple moving average is $14.55. The stock has a market capitalization of $1.04 billion, a P/E ratio of 13.32 and a beta of 0.63.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $310.98 million for the quarter, compared to analyst estimates of $302.25 million. Analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current year.

Insider Activity

In related news, Director Matthew W. Appel sold 9,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $17.03, for a total transaction of $153,270.00. Following the transaction, the director owned 142,409 shares of the company’s stock, valued at $2,425,225.27. This trade represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EZPW shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $25.00 price objective on shares of EZCORP in a research note on Friday, August 1st. Stephens reiterated 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 note on Saturday, June 14th. Finally, BTIG Research started coverage on EZCORP in a research note on Wednesday, May 14th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.