Assenagon Asset Management S.A. Reduces Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Assenagon Asset Management S.A. reduced its position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 83.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,275 shares of the credit services provider's stock after selling 1,225,289 shares during the period. Assenagon Asset Management S.A. owned 0.43% of EZCORP worth $2,637,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. USA Financial Formulas purchased a new position in shares of EZCORP during the 3rd quarter worth about $32,000. Quarry LP lifted its holdings in shares of EZCORP by 169.1% during the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider's stock worth $50,000 after acquiring an additional 2,976 shares during the period. Innealta Capital LLC purchased a new position in shares of EZCORP during the 2nd quarter worth about $71,000. Allspring Global Investments Holdings LLC purchased a new position in shares of EZCORP during the 3rd quarter worth about $106,000. Finally, nVerses Capital LLC lifted its holdings 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 acquiring an additional 9,600 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and issued a $19.00 price target on shares of EZCORP in a report on Friday, October 4th.

EZCORP Trading Down 1.4 %

NASDAQ EZPW traded down $0.16 during mid-day trading on Thursday, hitting $11.49. The company's stock had a trading volume of 431,786 shares, compared to its average volume of 514,859. EZCORP, Inc. has a 52-week low of $7.72 and a 52-week high of $12.23. The stock's fifty day simple moving average is $11.38 and its two-hundred day simple moving average is $10.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.99. The firm has a market capitalization of $628.96 million, a P/E ratio of 11.00 and a beta of 1.02.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $281.42 million for the quarter, compared to analyst estimates of $281.69 million. EZCORP had a net margin of 6.87% and a return on equity of 10.64%. Research analysts expect that EZCORP, Inc. will post 1.13 EPS for the current year.

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.