Readystate Asset Management LP Purchases New Stake in EZCORP, Inc. (NASDAQ:EZPW)

Readystate Asset Management LP acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 46,526 shares of the credit services provider's stock, valued at approximately $522,000. Readystate Asset Management LP owned about 0.08% of EZCORP as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of EZCORP in the 3rd quarter valued at about $8,372,000. Point72 Asset Management L.P. increased its holdings in shares of EZCORP by 32.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,255 shares of the credit services provider's stock valued at $485,000 after acquiring an additional 10,556 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of EZCORP in the 3rd quarter valued at about $2,122,000. HighTower Advisors LLC increased its holdings in shares of EZCORP by 107.2% in the 3rd quarter. HighTower Advisors LLC now owns 37,439 shares of the credit services provider's stock valued at $428,000 after acquiring an additional 19,368 shares during the last quarter. Finally, PDT Partners LLC increased its holdings in shares of EZCORP by 47.9% in the 3rd quarter. PDT Partners LLC now owns 95,996 shares of the credit services provider's stock valued at $1,076,000 after acquiring an additional 31,105 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

EZCORP Stock Performance

EZPW traded down $0.25 during trading on Friday, hitting $12.26. 546,042 shares of the stock were exchanged, compared to its average volume of 515,440. The firm has a market capitalization of $667.80 million, a P/E ratio of 11.05 and a beta of 1.05. EZCORP, Inc. has a 1-year low of $8.20 and a 1-year high of $12.85. The stock has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $11.09. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28.

Insiders Place Their Bets

In other news, CRO Nicole Swies sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the transaction, the executive now owns 101,813 shares of the company's stock, valued at approximately $1,269,608.11. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sunil Sajnani sold 34,493 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the completion of the transaction, the insider now directly owns 66,242 shares in the company, valued at approximately $822,725.64. The trade was 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 corporate insiders.

Analyst Ratings Changes

EZPW has been the topic of a number of recent analyst reports. Stephens began coverage on EZCORP in a report on Wednesday, November 13th. They issued an "equal weight" rating and a $13.00 price objective on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $19.00 price target on shares of EZCORP in a research report on Friday, October 4th.

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.