Kanen Wealth Management LLC Has $26.90 Million Position in EZCORP, Inc. (NASDAQ:EZPW)

Kanen Wealth Management LLC lessened its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 16.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,201,347 shares of the credit services provider’s stock after selling 433,127 shares during the period. EZCORP comprises about 10.0% of Kanen Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. Kanen Wealth Management LLC’s holdings in EZCORP were worth $26,900,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its stake in EZCORP by 161.0% in the 3rd quarter. GSA Capital Partners LLP now owns 132,972 shares of the credit services provider’s stock worth $1,491,000 after purchasing an additional 82,025 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in shares of EZCORP in the third quarter worth about $2,122,000. Intech Investment Management LLC bought a new position in EZCORP during the third quarter valued at approximately $662,000. Barclays PLC grew its holdings in EZCORP by 11.3% during the 3rd quarter. Barclays PLC now owns 92,166 shares of the credit services provider’s stock valued at $1,033,000 after buying an additional 9,328 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in EZCORP in the 3rd quarter worth approximately $918,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on EZPW shares. Canaccord Genuity Group reiterated a “buy” rating and set a $19.00 target price on shares of EZCORP in a research report on Friday, October 4th. Stephens initiated coverage on EZCORP in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price for the company.

EZCORP Price Performance

EZCORP stock opened at $12.30 on Monday. EZCORP, Inc. has a 12-month low of $8.20 and a 12-month high of $12.85. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $12.17 and a 200-day moving average price of $11.49. The firm has a market capitalization of $669.98 million, a PE ratio of 11.08 and a beta of 1.03.

Insider Buying and Selling

In other EZCORP news, CRO Nicole Swies sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive now directly owns 101,813 shares in the company, valued at approximately $1,269,608.11. This represents a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.42, for a total transaction of $428,403.06. Following the transaction, the insider now owns 66,242 shares in the company, valued at approximately $822,725.64. The trade was a 34.24 % 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 corporate insiders.

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.