EZCORP, Inc. $EZPW Shares Sold by Intrinsic Edge Capital Management LLC

Intrinsic Edge Capital Management LLC lowered its position in EZCORP, Inc. (NASDAQ:EZPW) by 27.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 309,689 shares of the credit services provider’s stock after selling 118,201 shares during the period. Intrinsic Edge Capital Management LLC’s holdings in EZCORP were worth $5,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of EZPW. Royal Bank of Canada lifted its stake in EZCORP by 23.6% during the 1st quarter. Royal Bank of Canada now owns 19,375 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 3,705 shares during the period. Intech Investment Management LLC purchased a new position in shares of EZCORP during the first quarter worth $1,646,000. Y Intercept Hong Kong Ltd lifted its position in EZCORP by 398.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 68,293 shares of the credit services provider’s stock valued at $948,000 after purchasing an additional 54,590 shares during the period. Arkadios Wealth Advisors purchased a new stake in EZCORP in the second quarter valued at $191,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in EZCORP in the second quarter valued at $2,129,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EZCORP

In other news, Director Pablo Lagos Espinosa sold 20,000 shares of EZCORP stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $25.00, for a total value of $500,000.00. Following the sale, the director owned 208,177 shares in the company, valued at $5,204,425. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ellen H. Bryant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $25.00, for a total transaction of $500,000.00. Following the transaction, the insider owned 147,786 shares of the company’s stock, valued at approximately $3,694,650. This trade represents a 11.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,138 shares of company stock worth $2,102,416 in the last quarter. 2.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on EZPW. Wall Street Zen upgraded EZCORP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Citigroup reaffirmed an “outperform” rating on shares of EZCORP in a report on Tuesday, January 20th. Roth Mkm reissued a “buy” rating and issued a $26.00 price target on shares of EZCORP in a report on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of EZCORP in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of EZCORP from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.00.

EZCORP Price Performance

Shares of EZCORP stock opened at $26.60 on Wednesday. The firm has a market cap of $1.64 billion, a PE ratio of 17.05 and a beta of 0.49. EZCORP, Inc. has a twelve month low of $12.85 and a twelve month high of $27.30. 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 business has a 50-day moving average price of $22.62 and a 200 day moving average price of $19.75.

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

EZCORP Profile

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.