Fmr LLC Purchases 64,926 Shares of EZCORP, Inc. (NASDAQ:EZPW)

FMR LLC grew its position in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 37.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,747 shares of the credit services provider's stock after buying an additional 64,926 shares during the quarter. FMR LLC owned 0.43% of EZCORP worth $2,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EZPW. USA Financial Formulas acquired a new position in EZCORP during the third quarter valued at approximately $32,000. Quarry LP increased its stake 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 valued at $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of EZCORP during the 2nd quarter worth $71,000. Allspring Global Investments Holdings LLC bought a new stake in shares of EZCORP during the 3rd quarter worth $106,000. Finally, nVerses Capital LLC lifted its position in shares of EZCORP by 640.0% during the 3rd 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 during the last quarter. Institutional investors own 99.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

EZCORP Price Performance

Shares of NASDAQ EZPW traded down $0.08 during mid-day trading on Friday, hitting $12.20. 273,707 shares of the stock traded hands, compared to its average volume of 513,651. EZCORP, Inc. has a twelve month low of $8.20 and a twelve month high of $12.85. The firm has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $11.18. 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 has a market cap of $664.53 million, a PE ratio of 10.99 and a beta of 1.05.

Insider Activity

In related news, insider Sunil Sajnani sold 34,493 shares of EZCORP stock in a transaction that occurred 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 transaction, the insider now directly owns 66,242 shares of the company's stock, valued at $822,725.64. The trade was a 34.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Nicole Swies sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the executive now directly owns 101,813 shares of the company's stock, valued at $1,269,608.11. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.13% of the company's stock.

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.