Inspire Investing LLC Buys New Stake in EZCORP, Inc. (NASDAQ:EZPW)

Inspire Investing LLC bought a new position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,764 shares of the credit services provider's stock, valued at approximately $865,000. Inspire Investing LLC owned about 0.13% of EZCORP as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EZPW. Point72 Asset Management L.P. increased its stake in EZCORP by 4.1% in the second quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider's stock valued at $342,000 after purchasing an additional 1,299 shares during the last quarter. GAMMA Investing LLC grew its holdings in EZCORP by 97.0% in the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 1,554 shares during the period. Aigen Investment Management LP boosted its holdings in shares of EZCORP by 16.5% in the 3rd quarter. Aigen Investment Management LP now owns 17,712 shares of the credit services provider's stock valued at $199,000 after purchasing an additional 2,508 shares during the last quarter. State Street Corp grew its stake in shares of EZCORP by 0.3% during the 3rd quarter. State Street Corp now owns 1,084,777 shares of the credit services provider's stock valued at $12,160,000 after buying an additional 2,809 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of EZCORP during the 3rd quarter worth $32,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

EZCORP Stock Up 0.5 %

NASDAQ EZPW traded up $0.06 on Friday, reaching $12.46. The company had a trading volume of 228,856 shares, compared to its average volume of 390,357. The firm has a market capitalization of $678.70 million, a PE ratio of 11.23 and a beta of 1.03. The firm has a 50-day moving average of $12.20 and a 200-day moving average of $11.53. EZCORP, Inc. has a 1 year low of $8.20 and a 1 year high of $12.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99.

Insiders Place Their Bets

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total transaction of $428,403.06. Following 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Nicole Swies sold 10,000 shares of the business's stock in a transaction that occurred 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. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EZPW has been the subject of several research analyst reports. Stephens initiated coverage on EZCORP in a research note on Wednesday, November 13th. They set an "equal weight" rating and a $13.00 price target for the company. Canaccord Genuity Group reiterated a "buy" rating and set a $19.00 price objective on shares of EZCORP in a research note on Friday, October 4th.

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.