EZCORP, Inc. $EZPW Stock Position Increased by Archon Capital Management LLC

Archon Capital Management LLC grew its position in EZCORP, Inc. (NASDAQ:EZPW) by 76.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 432,433 shares of the credit services provider’s stock after purchasing an additional 188,000 shares during the period. EZCORP makes up 4.9% of Archon Capital Management LLC’s holdings, making the stock its 5th largest position. Archon Capital Management LLC owned approximately 0.71% of EZCORP worth $6,002,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EZPW. Boston Partners increased its holdings in EZCORP by 289.7% in the 1st quarter. Boston Partners now owns 1,569,488 shares of the credit services provider’s stock worth $23,499,000 after buying an additional 1,166,758 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of EZCORP in the 2nd quarter valued at $7,104,000. Invenomic Capital Management LP increased its stake in shares of EZCORP by 55.7% in the first quarter. Invenomic Capital Management LP now owns 1,229,705 shares of the credit services provider’s stock worth $18,101,000 after acquiring an additional 439,937 shares during the period. Invesco Ltd. increased its stake in shares of EZCORP by 31.0% in the first quarter. Invesco Ltd. now owns 1,520,830 shares of the credit services provider’s stock worth $22,387,000 after acquiring an additional 359,543 shares during the period. Finally, Fourth Sail Capital LP raised its holdings in shares of EZCORP by 30.7% during the second quarter. Fourth Sail Capital LP now owns 1,251,362 shares of the credit services provider’s stock worth $17,369,000 after purchasing an additional 294,100 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EZPW. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EZCORP in a report on Wednesday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of EZCORP in a report on Friday, November 14th. Canaccord Genuity Group lifted their price target on EZCORP from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, November 17th. JMP Securities set a $23.00 price objective on EZCORP in a research report on Monday, November 3rd. Finally, Citizens Jmp began coverage on shares of EZCORP in a research note on Monday, November 3rd. They set a “market outperform” rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

EZCORP Stock Performance

Shares of EZPW stock opened at $20.01 on Friday. The company has a current ratio of 5.61, a quick ratio of 4.37 and a debt-to-equity ratio of 0.51. EZCORP, Inc. has a 12-month low of $11.56 and a 12-month high of $20.29. The business’s 50 day moving average is $18.41 and its two-hundred day moving average is $16.06. The company has a market capitalization of $1.22 billion, a P/E ratio of 14.19 and a beta of 0.52.

EZCORP (NASDAQ:EZPW) last announced its earnings results on Thursday, November 13th. The credit services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $335.90 million during the quarter, compared to analysts’ expectations of $325.09 million. EZCORP had a return on equity of 12.00% and a net margin of 8.60%. Analysts expect that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Insider Activity at EZCORP

In other news, Director Matthew W. Appel sold 9,038 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $18.02, for a total value of $162,864.76. Following the transaction, the director directly owned 133,371 shares of the company’s stock, valued at approximately $2,403,345.42. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.