Oppenheimer Asset Management Inc. Has $379,000 Stake in EZCORP, Inc. $EZPW

Oppenheimer Asset Management Inc. increased its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 44.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,287 shares of the credit services provider’s stock after purchasing an additional 8,413 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in EZCORP were worth $379,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. USA Financial Formulas acquired a new stake in EZCORP in the second quarter valued at $31,000. GAMMA Investing LLC lifted its stake in EZCORP by 60.4% in the 1st quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider’s stock valued at $75,000 after purchasing an additional 1,906 shares during the last quarter. National Bank of Canada FI acquired a new stake in EZCORP in the 1st quarter valued at about $91,000. Quarry LP lifted its stake in EZCORP by 652.4% in the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider’s stock valued at $112,000 after purchasing an additional 6,622 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in EZCORP in the 2nd quarter valued at about $139,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Matthew W. Appel sold 9,038 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $18.02, for a total value of $162,864.76. Following the completion of the transaction, the director owned 133,371 shares of the company’s stock, valued at $2,403,345.42. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.13% of the company’s stock.

EZCORP Price Performance

Shares of NASDAQ:EZPW opened at $18.25 on Monday. The firm has a 50 day moving average of $17.80 and a 200-day moving average of $15.56. The stock has a market capitalization of $1.11 billion, a PE ratio of 14.26 and a beta of 0.62. The company has a current ratio of 6.31, a quick ratio of 5.00 and a debt-to-equity ratio of 0.52. EZCORP, Inc. has a 12 month low of $11.09 and a 12 month high of $19.44.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EZCORP in a research report on Wednesday, October 8th. Canaccord Genuity Group raised their price target on EZCORP from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.