Conestoga Capital Advisors LLC acquired a new position in shares of EZCORP, Inc. (NASDAQ:EZPW – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 63,635 shares of the credit services provider’s stock, valued at approximately $1,894,000.
Several other large investors have also recently bought and sold shares of the business. SMH Capital Advisors Inc. purchased a new position in shares of EZCORP in the 3rd quarter valued at about $272,000. Trek Financial LLC lifted its stake in EZCORP by 1.6% during the third quarter. Trek Financial LLC now owns 26,719 shares of the credit services provider’s stock worth $795,000 after purchasing an additional 418 shares during the last quarter. Americana Partners LLC boosted its holdings in EZCORP by 0.8% in the third quarter. Americana Partners LLC now owns 47,705 shares of the credit services provider’s stock valued at $1,420,000 after purchasing an additional 387 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in EZCORP by 32.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,300 shares of the credit services provider’s stock valued at $307,000 after purchasing an additional 2,500 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in EZCORP by 2.0% in the third quarter. North Star Investment Management Corp. now owns 71,370 shares of the credit services provider’s stock valued at $2,124,000 after purchasing an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Insider Buying and Selling at EZCORP
In other news, insider Ellen Bryant sold 30,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $34.77, for a total value of $1,043,100.00. Following the completion of the sale, the insider directly owned 117,786 shares of the company’s stock, valued at approximately $4,095,419.22. This represents a 20.30% decrease in their ownership of the stock. 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. Insiders own 2.13% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Weiss Ratings raised shares of EZCORP from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Jefferies Financial Group upped 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. Canaccord Genuity Group increased their target price on shares of EZCORP from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Finally, Wall Street Zen lowered shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.
Read Our Latest Analysis on EZPW
EZCORP Stock Up 2.7%
Shares of NASDAQ EZPW opened at $29.52 on Thursday. The stock has a market cap of $1.81 billion, a PE ratio of 14.81 and a beta of 0.76. The company has a quick ratio of 3.45, a current ratio of 4.81 and a debt-to-equity ratio of 0.44. EZCORP, Inc. has a 52-week low of $16.50 and a 52-week high of $37.13. The business has a 50-day moving average price of $31.27 and a 200 day moving average price of $29.61.
EZCORP (NASDAQ:EZPW – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. EZCORP had a return on equity of 13.99% and a net margin of 9.97%. The company had revenue of $408.40 million for the quarter, compared to analyst estimates of $425.83 million. Equities research analysts forecast that EZCORP, Inc. will post 2.00 earnings per share for the current year.
EZCORP Profile
EZCORP, Inc is a financial services and retail company that provides pawn loans and sells pre-owned merchandise. Through its pawn stores, the company offers short-term, collateral-based loans secured by personal property such as jewelry, electronics, tools and other consumer goods.
In addition to lending, EZCORP purchases and resells previously owned merchandise, giving customers access to used jewelry, electronics, tools, sporting goods and other products. Its retail operations also support the company’s pawn-lending model by providing a sales channel for collateral that is not redeemed.
EZCORP serves customers through stores operating under brands that include EZPAWN and Value Pawn in the United States, as well as related brands in Latin American markets.
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