EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.07 and last traded at $13.96, with a volume of 1094366 shares changing hands. The stock had previously closed at $13.41.
Wall Street Analysts Forecast Growth
EZPW has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on EZCORP from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Stephens reissued an "equal weight" rating and set a $13.50 price objective on shares of EZCORP in a research note on Thursday, February 6th.
View Our Latest Analysis on EZPW
EZCORP Trading Down 2.3 %
The firm has a market capitalization of $765.23 million, a P/E ratio of 12.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 2.91. The firm has a 50 day moving average price of $12.35 and a two-hundred day moving average price of $11.85.
EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, equities research analysts expect that EZCORP, Inc. will post 1.26 EPS for the current fiscal year.
Insider Activity
In other news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total value 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 represents a 34.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Nicole Swies sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were 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 owns 101,813 shares of the company's stock, valued at $1,269,608.11. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company's stock.
Institutional Trading of EZCORP
Several hedge funds and other institutional investors have recently modified their holdings of EZPW. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of EZCORP during the third quarter worth $8,372,000. Royce & Associates LP raised its holdings in shares of EZCORP by 77.6% during the fourth quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider's stock worth $8,047,000 after acquiring an additional 287,818 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EZCORP by 449.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider's stock worth $3,739,000 after acquiring an additional 272,815 shares in the last quarter. Norges Bank purchased a new stake in shares of EZCORP during the fourth quarter worth $3,067,000. Finally, Two Sigma Advisers LP raised its holdings in shares of EZCORP by 25.0% during the third quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider's stock worth $11,320,000 after acquiring an additional 201,700 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
About EZCORP
(
Get Free Report)
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.
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