EZCORP (NASDAQ:EZPW) Director Sells $355,400.00 in Stock

EZCORP, Inc. (NASDAQ:EZPW) Director Pablo Lagos Espinosa sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $35.54, for a total value of $355,400.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pablo Lagos Espinosa also recently made the following trade(s):

• On Friday, June 5th, Pablo Lagos Espinosa sold 10,000 shares of EZCORP stock. The shares were sold at an average price of $32.00, for a total value of $320,000.00.

EZCORP Stock Performance

EZPW stock traded up $1.65 during midday trading on Thursday, hitting $33.81. The stock had a trading volume of 111,708 shares, compared to its average volume of 910,280. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 18.44 and a beta of 0.64. EZCORP, Inc. has a 52 week low of $13.07 and a 52 week high of $37.13. The stock has a 50-day simple moving average of $32.75 and a 200 day simple moving average of $27.46. The company has a current ratio of 4.71, a quick ratio of 3.52 and a debt-to-equity ratio of 0.45.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.22. EZCORP had a net margin of 9.91% and a return on equity of 13.45%. The firm had revenue of $434.90 million for the quarter. As a group, equities research analysts anticipate that EZCORP, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group set a $44.00 price objective on EZCORP in a report on Friday, May 8th. Jefferies Financial Group raised their target price on EZCORP from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen cut EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Zacks Research lowered EZCORP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Citigroup reissued an “outperform” rating on shares of EZCORP in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Institutional Investors Weigh In On EZCORP

A number of large investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new position in EZCORP during the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. bought a new position in shares of EZCORP in the 4th quarter valued at $25,000. KBC Group NV bought a new position in shares of EZCORP in the 1st quarter valued at $44,000. Deutsche Bank AG raised its holdings in shares of EZCORP by 533.5% during the 4th quarter. Deutsche Bank AG now owns 2,667 shares of the credit services provider’s stock worth $52,000 after buying an additional 2,246 shares in the last quarter. Finally, CWM LLC lifted its position in shares of EZCORP by 21.2% during the 4th quarter. CWM LLC now owns 4,146 shares of the credit services provider’s stock worth $81,000 after buying an additional 724 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

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.