Kanen Wealth Management LLC Has $26.90 Million Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Kanen Wealth Management LLC lessened its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,201,347 shares of the credit services provider's stock after selling 433,127 shares during the period. EZCORP accounts for about 10.0% of Kanen Wealth Management LLC's investment portfolio, making the stock its 3rd biggest holding. Kanen Wealth Management LLC owned 4.04% of EZCORP worth $26,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. USA Financial Formulas acquired a new position in EZCORP during the 3rd quarter valued at about $32,000. GAMMA Investing LLC increased its stake in shares of EZCORP by 97.0% during the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 1,554 shares during the period. Quarry LP raised its holdings in EZCORP by 169.1% during the second quarter. Quarry LP now owns 4,736 shares of the credit services provider's stock worth $50,000 after purchasing an additional 2,976 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in EZCORP in the third quarter worth approximately $106,000. Finally, nVerses Capital LLC boosted its stake in EZCORP by 640.0% during the 3rd quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider's stock valued at $124,000 after purchasing an additional 9,600 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO Nicole Swies sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the executive now directly owns 101,813 shares of the company's stock, valued at approximately $1,269,608.11. This represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $428,403.06. Following the transaction, the insider now directly owns 66,242 shares in the company, valued at approximately $822,725.64. This trade represents a 34.24 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EZPW. Canaccord Genuity Group restated a "buy" rating and issued a $19.00 price objective 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 price target for the company.

EZCORP Price Performance

Shares of NASDAQ:EZPW traded up $0.06 on Monday, reaching $12.30. 269,905 shares of the company traded hands, compared to its average volume of 336,670. The stock has a market capitalization of $669.98 million, a PE ratio of 11.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99. The company's 50 day moving average is $12.17 and its 200-day moving average is $11.49. EZCORP, Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $12.85.

EZCORP 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.