Sei Investments Co. increased its position in EZCORP, Inc. (NASDAQ:EZPW – Free Report) by 21.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 134,056 shares of the credit services provider’s stock after acquiring an additional 24,016 shares during the quarter. Sei Investments Co.’s holdings in EZCORP were worth $3,402,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EZPW. GHP Investment Advisors Inc. purchased a new stake in EZCORP during the fourth quarter valued at about $25,000. KBC Group NV bought a new position in EZCORP during the first quarter worth about $44,000. Deutsche Bank AG increased its stake in shares of EZCORP by 533.5% in the fourth quarter. Deutsche Bank AG now owns 2,667 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 2,246 shares in the last quarter. CWM LLC increased its stake in shares of EZCORP by 21.2% in the fourth quarter. CWM LLC now owns 4,146 shares of the credit services provider’s stock worth $81,000 after purchasing an additional 724 shares in the last quarter. Finally, State of Wyoming raised its position in shares of EZCORP by 178.1% in the second quarter. State of Wyoming now owns 11,069 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 7,089 shares during the period. 99.83% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, 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 sale, the director owned 172,948 shares in the company, valued at approximately $5,804,134.88. This trade represents a 10.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pablo Lagos Espinosa sold 10,000 shares of EZCORP stock in a transaction on Monday, July 6th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the sale, the director directly owned 207,543 shares of the company’s stock, valued at $7,376,078.22. This represents a 4.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 40,000 shares of company stock worth $1,346,600 in the last quarter. 2.13% of the stock is currently owned by company insiders.
EZCORP Stock Performance
EZCORP (NASDAQ:EZPW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $408.40 million during the quarter, compared to the consensus estimate of $425.83 million. EZCORP had a net margin of 9.97% and a return on equity of 13.99%. As a group, analysts expect that EZCORP, Inc. will post 2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently commented on EZPW. Zacks Research cut shares of EZCORP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Jefferies Financial Group boosted their target price on shares of EZCORP from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings restated a “buy (a-)” rating on shares of EZCORP in a research report on Monday, July 6th. Wall Street Zen lowered EZCORP from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Citigroup reiterated an “outperform” rating on shares of EZCORP in a research note on Monday, May 11th. One equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.80.
Read Our Latest Research Report on EZCORP
About EZCORP
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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