Connor Clark & Lunn Investment Management Ltd. Invests $918,000 in EZCORP, Inc. (NASDAQ:EZPW)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 81,879 shares of the credit services provider's stock, valued at approximately $918,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of EZCORP as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EZPW. Quest Partners LLC grew its position in shares of EZCORP by 32.6% during the third quarter. Quest Partners LLC now owns 107,565 shares of the credit services provider's stock worth $1,206,000 after purchasing an additional 26,419 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of EZCORP by 5.3% in the third quarter. Empowered Funds LLC now owns 324,807 shares of the credit services provider's stock worth $3,641,000 after buying an additional 16,482 shares in the last quarter. Royce & Associates LP grew its stake in EZCORP by 19.2% during the third quarter. Royce & Associates LP now owns 370,697 shares of the credit services provider's stock valued at $4,156,000 after acquiring an additional 59,795 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in EZCORP in the 3rd quarter valued at $181,000. Finally, Aigen Investment Management LP lifted its stake in EZCORP by 16.5% in the 3rd quarter. Aigen Investment Management LP now owns 17,712 shares of the credit services provider's stock worth $199,000 after purchasing an additional 2,508 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

EZCORP Trading Up 0.9 %

NASDAQ EZPW traded up $0.11 on Thursday, hitting $12.65. 511,584 shares of the stock were exchanged, compared to its average volume of 519,516. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. EZCORP, Inc. has a 52-week low of $7.72 and a 52-week high of $12.85. The firm has a market capitalization of $688.98 million, a P/E ratio of 11.40 and a beta of 1.03. The stock has a fifty day moving average price of $11.56 and a two-hundred day moving average price of $10.99.

Insiders Place Their Bets

In related news, insider Sunil Sajnani sold 34,493 shares of EZCORP stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the completion of the sale, the insider now owns 66,242 shares in the company, valued at $822,725.64. This trade represents a 34.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $19.00 target price on shares of EZCORP in a report on Friday, October 4th. Stephens initiated coverage on shares of EZCORP in a report on Wednesday, November 13th. They issued an "equal weight" rating and a $13.00 target price for the company.

About EZCORP

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.