EZCORP, Inc. (NASDAQ:EZPW) COO John Blair Jr. Powell Sells 10,000 Shares

EZCORP, Inc. (NASDAQ:EZPW) COO John Blair Jr. Powell sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $13.26, for a total value of $132,600.00. Following the sale, the chief operating officer now owns 149,483 shares in the company, valued at approximately $1,982,144.58. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Blair Jr. Powell also recently made the following trade(s):

• On Tuesday, June 10th, John Blair Jr. Powell sold 3,500 shares of EZCORP stock. The shares were sold at an average price of $13.81, for a total value of $48,335.00.
• On Thursday, May 15th, John Blair Jr. Powell sold 10,000 shares of EZCORP stock. The shares were sold at an average price of $13.73, for a total value of $137,300.00.
• On Tuesday, May 13th, John Blair Jr. Powell sold 20,000 shares of EZCORP stock. The shares were sold at an average price of $14.17, for a total value of $283,400.00.
• On Thursday, May 8th, John Blair Jr. Powell sold 42,500 shares of EZCORP stock. The shares were sold at an average price of $14.55, for a total value of $618,375.00.

EZCORP Price Performance

Shares of EZPW opened at $13.17 on Friday. The firm has a 50-day simple moving average of $14.58 and a two-hundred day simple moving average of $13.58. EZCORP, Inc. has a 1-year low of $9.66 and a 1-year high of $16.60. The stock has a market cap of $724.53 million, a PE ratio of 11.45 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. The company had revenue of $306.32 million for the quarter, compared to analysts’ expectations of $310.35 million. As a group, analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current year.

Institutional Trading of EZCORP

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in EZCORP by 5.1% in the 4th quarter. Empowered Funds LLC now owns 341,423 shares of the credit services provider’s stock valued at $4,172,000 after purchasing an additional 16,616 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in EZCORP by 246.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 32,833 shares of the credit services provider’s stock valued at $401,000 after purchasing an additional 23,363 shares in the last quarter. Principal Financial Group Inc. increased its holdings in EZCORP by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 246,887 shares of the credit services provider’s stock valued at $3,017,000 after purchasing an additional 6,438 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in EZCORP in the 4th quarter valued at about $210,000. Finally, Bank of New York Mellon Corp boosted its position in EZCORP by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 304,235 shares of the credit services provider’s stock valued at $3,718,000 after buying an additional 5,034 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Canaccord Genuity Group cut their target price on EZCORP from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen raised EZCORP from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stephens reissued an “equal weight” rating and issued a $17.00 price objective on shares of EZCORP in a research note on Tuesday, May 20th. BTIG Research started coverage on EZCORP in a report on Wednesday, May 14th. They set a “neutral” rating for the company. Finally, Roth Mkm started coverage on EZCORP in a research report on Monday, March 17th. They issued a “buy” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $18.25.

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.