Fourth Sail Capital LP Sells 497,223 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Fourth Sail Capital LP reduced its holdings in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 69.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 221,724 shares of the credit services provider's stock after selling 497,223 shares during the quarter. EZCORP comprises 0.6% of Fourth Sail Capital LP's portfolio, making the stock its 22nd biggest holding. Fourth Sail Capital LP owned approximately 0.41% of EZCORP worth $2,486,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. USA Financial Formulas bought a new position in shares of EZCORP in the 3rd quarter worth about $32,000. Quarry LP grew its position in shares of EZCORP by 169.1% in the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider's stock worth $50,000 after buying an additional 2,976 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of EZCORP in the 2nd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC bought a new stake in shares of EZCORP in the third quarter worth approximately $106,000. Finally, nVerses Capital LLC increased its position in EZCORP by 640.0% in the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider's stock worth $124,000 after buying an additional 9,600 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

EZCORP Price Performance

NASDAQ EZPW traded up $0.14 during trading on Monday, reaching $12.06. 510,783 shares of the company traded hands, compared to its average volume of 513,903. The stock's 50 day moving average price is $11.35 and its two-hundred day moving average price is $10.88. The company has a market cap of $660.16 million, a price-to-earnings ratio of 10.86 and a beta of 1.03. EZCORP, Inc. has a 1-year low of $7.72 and a 1-year high of $12.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EZPW. Stephens initiated coverage on EZCORP in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $13.00 price target on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $19.00 price target on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Company Profile

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.