Divisadero Street Capital Management LP Has $2.64 Million Stock Holdings in EZCORP, Inc. $EZPW

Divisadero Street Capital Management LP grew its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 39.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,505 shares of the credit services provider’s stock after purchasing an additional 39,195 shares during the period. Divisadero Street Capital Management LP’s holdings in EZCORP were worth $2,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EZPW. Aster Capital Management DIFC Ltd purchased a new position in EZCORP in the 3rd quarter worth about $29,000. Covestor Ltd raised its holdings in EZCORP by 239.3% during the 3rd quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock worth $52,000 after buying an additional 1,924 shares during the period. Farther Finance Advisors LLC lifted its stake in EZCORP by 15,019.0% during the third quarter. Farther Finance Advisors LLC now owns 3,175 shares of the credit services provider’s stock valued at $60,000 after buying an additional 3,154 shares in the last quarter. CWM LLC boosted its holdings in shares of EZCORP by 126.3% in the third quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock worth $65,000 after buying an additional 1,910 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of EZCORP by 913.5% in the third quarter. Jones Financial Companies Lllp now owns 4,216 shares of the credit services provider’s stock worth $79,000 after buying an additional 3,800 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling at EZCORP

In related news, Director Gary Tillett sold 10,000 shares of EZCORP stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $25.50, for a total value of $255,000.00. Following the completion of the sale, the director owned 133,483 shares of the company’s stock, valued at approximately $3,403,816.50. The trade was a 6.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellen H. Bryant sold 20,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $25.00, for a total transaction of $500,000.00. Following the completion of the sale, the insider owned 147,786 shares of the company’s stock, valued at $3,694,650. This represents a 11.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 84,138 shares of company stock worth $2,102,416. Company insiders own 2.13% of the company’s stock.

Analyst Ratings Changes

EZPW has been the topic of a number of recent analyst reports. Citizens Jmp boosted their price target on shares of EZCORP from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, January 20th. Stephens raised their price objective on shares of EZCORP from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of EZCORP in a research report on Thursday, January 22nd. Roth Mkm reissued a “buy” rating and set a $26.00 target price on shares of EZCORP in a research note on Tuesday, January 6th. Finally, Citigroup restated an “outperform” rating on shares of EZCORP in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

EZCORP Trading Down 0.4%

Shares of NASDAQ EZPW opened at $25.87 on Monday. The business has a 50 day simple moving average of $23.61 and a 200 day simple moving average of $20.31. EZCORP, Inc. has a 52 week low of $12.85 and a 52 week high of $27.30. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 16.58 and a beta of 0.49. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.69 and a current ratio of 6.03.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.15. The firm had revenue of $374.50 million for the quarter, compared to analyst estimates of $363.63 million. EZCORP had a net margin of 9.18% and a return on equity of 12.37%. On average, research analysts predict that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

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.