Insider Selling: EZCORP, Inc. (NASDAQ:EZPW) COO Sells 10,000 Shares of Stock

EZCORP, Inc. (NASDAQ:EZPW) COO John Blair Jr. Powell sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $13.73, for a total transaction of $137,300.00. Following the completion of the transaction, the chief operating officer now owns 159,483 shares of the company’s stock, valued at $2,189,701.59. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction of $48,335.00.
• On Thursday, May 22nd, John Blair Jr. Powell sold 10,000 shares of EZCORP stock. The shares were sold at an average price of $13.26, for a total transaction of $132,600.00.
• 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 transaction 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 transaction of $618,375.00.

EZCORP Trading Down 1.8%

Shares of EZPW opened at $13.17 on Friday. The firm’s 50 day simple moving average is $14.58 and its 200 day simple moving average is $13.58. The company has a market capitalization of $724.53 million, a P/E 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, Inc. has a 1-year low of $9.66 and a 1-year high of $16.60.

EZCORP (NASDAQ:EZPW) last announced its 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. The business had revenue of $306.32 million for the quarter, compared to the consensus estimate of $310.35 million. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. Sell-side analysts forecast that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EZPW. Divisadero Street Capital Management LP raised its stake in shares of EZCORP by 1,699.2% during the fourth quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider’s stock worth $15,232,000 after acquiring an additional 1,177,166 shares in the last quarter. Boston Partners raised its stake in shares of EZCORP by 289.7% during the first quarter. Boston Partners now owns 1,569,488 shares of the credit services provider’s stock worth $23,499,000 after acquiring an additional 1,166,758 shares in the last quarter. Fourth Sail Capital LP raised its stake in shares of EZCORP by 503.6% during the first quarter. Fourth Sail Capital LP now owns 957,262 shares of the credit services provider’s stock worth $14,091,000 after acquiring an additional 798,679 shares in the last quarter. Invenomic Capital Management LP raised its stake in shares of EZCORP by 317.1% during the fourth quarter. Invenomic Capital Management LP now owns 789,768 shares of the credit services provider’s stock worth $9,651,000 after acquiring an additional 600,435 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of EZCORP during the first quarter worth approximately $8,310,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

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.