Gary Tillett Sells 10,000 Shares of EZCORP (NASDAQ:EZPW) Stock

EZCORP, Inc. (NASDAQ:EZPW) Director Gary Tillett sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the director directly owned 143,483 shares of the company’s stock, valued at approximately $3,587,075. This trade represents a 6.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EZCORP Price Performance

Shares of EZPW opened at $25.27 on Friday. The company has a 50 day moving average of $21.66 and a 200-day moving average of $19.10. The company has a quick ratio of 4.69, a current ratio of 6.03 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.56 billion, a P/E ratio of 16.20 and a beta of 0.53. EZCORP, Inc. has a twelve month low of $12.85 and a twelve month high of $26.35.

EZCORP (NASDAQ:EZPW) last announced its earnings results on Wednesday, February 4th. The credit services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.40 by $0.15. The business had revenue of $374.50 million during the quarter, compared to analysts’ expectations of $363.63 million. EZCORP had a net margin of 9.18% and a return on equity of 12.37%. As a group, equities research analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On EZCORP

A number of large investors have recently added to or reduced their stakes in EZPW. Royal Bank of Canada boosted its position in EZCORP by 23.6% during the first quarter. Royal Bank of Canada now owns 19,375 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 3,705 shares during the period. Intech Investment Management LLC bought a new stake in shares of EZCORP during the first quarter worth approximately $1,646,000. R Squared Ltd increased its stake in shares of EZCORP by 35.2% during the second quarter. R Squared Ltd now owns 31,055 shares of the credit services provider’s stock worth $431,000 after purchasing an additional 8,085 shares during the period. AlphaQuest LLC boosted its stake in EZCORP by 21.2% in the 2nd quarter. AlphaQuest LLC now owns 88,118 shares of the credit services provider’s stock valued at $1,223,000 after purchasing an additional 15,391 shares during the period. Finally, Ingalls & Snyder LLC lifted its holdings in shares of EZCORP by 46.1% during the second quarter. Ingalls & Snyder LLC now owns 16,678 shares of the credit services provider’s stock worth $231,000 after buying an additional 5,262 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

EZPW has been the topic of a number of recent research reports. Stephens lifted their target price on EZCORP from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Canaccord Genuity Group set a $34.00 price target on EZCORP in a research note on Friday, February 6th. Roth Mkm reiterated a “buy” rating and set a $26.00 price objective on shares of EZCORP in a research note on Tuesday, January 6th. Citizens Jmp increased their price objective on EZCORP from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, January 20th. Finally, Zacks Research upgraded shares of EZCORP from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.

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.