EZCORP Target of Unusually Large Options Trading (EZPW)

EZCORP Inc (NASDAQ:EZPW) was the target of unusually large options trading activity on Monday. Investors purchased 1,630 put options on the company. This is an increase of approximately 816% compared to the typical daily volume of 178 put options.

Several institutional investors and hedge funds have recently made changes to their positions in EZPW. Northern Trust Corp boosted its stake in shares of EZCORP by 3.5% during the 2nd quarter. Northern Trust Corp now owns 613,711 shares of the credit services provider’s stock valued at $7,395,000 after purchasing an additional 20,791 shares in the last quarter. United Services Automobile Association boosted its stake in shares of EZCORP by 51.0% during the 2nd quarter. United Services Automobile Association now owns 15,386 shares of the credit services provider’s stock valued at $185,000 after purchasing an additional 5,196 shares in the last quarter. Iberiabank Corp bought a new stake in shares of EZCORP during the 3rd quarter valued at about $129,000. First Trust Advisors LP bought a new stake in shares of EZCORP during the 3rd quarter valued at about $844,000. Finally, Victory Capital Management Inc. boosted its stake in shares of EZCORP by 13.1% during the 3rd quarter. Victory Capital Management Inc. now owns 150,800 shares of the credit services provider’s stock valued at $1,614,000 after purchasing an additional 17,500 shares in the last quarter.

Shares of EZPW opened at $10.15 on Tuesday. The stock has a market cap of $558.89 million, a PE ratio of 12.85 and a beta of 1.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.26 and a current ratio of 2.94. EZCORP has a 1-year low of $7.45 and a 1-year high of $15.10.

EZCORP (NASDAQ:EZPW) last announced its earnings results on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $218.10 million for the quarter, compared to analyst estimates of $220.63 million. EZCORP had a net margin of 2.68% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. Research analysts expect that EZCORP will post 0.9 EPS for the current year.

A number of brokerages have issued reports on EZPW. ValuEngine raised shares of EZCORP from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Zacks Investment Research raised shares of EZCORP from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Monday, November 19th. BidaskClub raised shares of EZCORP from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Finally, TheStreet lowered shares of EZCORP from a “b-” rating to a “c+” rating in a report on Thursday, January 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $13.00.

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EZCORP Company Profile

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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