Manatuck Hill Partners LLC cut its holdings in EZCORP, Inc. (NASDAQ:EZPW – Free Report) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,000 shares of the credit services provider’s stock after selling 30,000 shares during the quarter. EZCORP accounts for 1.4% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 29th largest holding. Manatuck Hill Partners LLC’s holdings in EZCORP were worth $3,884,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP increased its holdings in shares of EZCORP by 39.5% during the third quarter. Divisadero Street Capital Management LP now owns 138,505 shares of the credit services provider’s stock valued at $2,637,000 after acquiring an additional 39,195 shares in the last quarter. Miller Global Investments LLC bought a new stake in shares of EZCORP during the fourth quarter valued at approximately $1,451,000. JPMorgan Chase & Co. increased its holdings in shares of EZCORP by 163.6% during the third quarter. JPMorgan Chase & Co. now owns 483,211 shares of the credit services provider’s stock valued at $9,200,000 after acquiring an additional 299,920 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of EZCORP during the fourth quarter valued at approximately $1,207,000. Finally, L & S Advisors Inc bought a new stake in shares of EZCORP during the fourth quarter valued at approximately $1,939,000. 99.83% of the stock is owned by institutional investors and hedge funds.
EZCORP Stock Performance
Shares of EZPW stock opened at $30.44 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.52 and a current ratio of 4.71. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 16.54 and a beta of 0.63. EZCORP, Inc. has a 52 week low of $12.89 and a 52 week high of $37.13. The firm’s 50-day simple moving average is $31.68 and its two-hundred day simple moving average is $26.06.
Analyst Ratings Changes
Several research firms have recently commented on EZPW. Roth Mkm restated a “buy” rating and set a $40.00 price objective on shares of EZCORP in a report on Friday, May 8th. Zacks Research upgraded EZCORP from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Citigroup restated an “outperform” rating on shares of EZCORP in a report on Monday, May 11th. Weiss Ratings raised EZCORP from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 8th. Finally, Citizens Jmp lifted their target price on EZCORP from $33.00 to $39.00 and gave the company a “market outperform” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $37.25.
Read Our Latest Stock Analysis on EZCORP
Insider Buying and Selling at EZCORP
In other news, Director Pablo Lagos Espinosa sold 10,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $32.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director owned 217,543 shares in the company, valued at approximately $6,961,376. This represents a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jason A. Kulas sold 20,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $33.56, for a total value of $671,200.00. Following the transaction, the director owned 172,948 shares of the company’s stock, valued at $5,804,134.88. The trade was a 10.37% decrease in their position. The SEC filing for this sale provides additional information. 2.13% of the stock is currently owned by corporate insiders.
EZCORP Profile
EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.
Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.
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