Stephens Reiterates Equal Weight Rating for EZCORP (NASDAQ:EZPW)

EZCORP (NASDAQ:EZPW)‘s stock had its “equal weight” rating reiterated by research analysts at Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $13.50 price objective on the credit services provider’s stock. Stephens’ target price points to a potential upside of 0.52% from the company’s previous close.

EZCORP Stock Up 8.7 %

EZPW opened at $13.43 on Thursday. The company’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $11.69. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28. EZCORP has a twelve month low of $9.65 and a twelve month high of $13.56. The stock has a market cap of $731.46 million, a price-to-earnings ratio of 12.10 and a beta of 1.01.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. EZCORP had a return on equity of 10.65% and a net margin of 7.15%. As a group, equities analysts expect that EZCORP will post 1.26 earnings per share for the current year.

Insider Buying and Selling at EZCORP

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 of the company’s stock, valued at $822,725.64. The trade was a 34.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Nicole Swies sold 10,000 shares of the firm’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 transaction, the executive now directly owns 101,813 shares of the company’s stock, valued at $1,269,608.11. The trade was a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EZCORP

Several hedge funds and other institutional investors have recently modified their holdings of EZPW. AQR Capital Management LLC grew its stake in EZCORP by 29.8% during the second quarter. AQR Capital Management LLC now owns 70,240 shares of the credit services provider’s stock valued at $735,000 after acquiring an additional 16,132 shares in the last quarter. Sanctuary Advisors LLC bought a new position in EZCORP in the 2nd quarter valued at $1,243,000. SG Americas Securities LLC purchased a new position in shares of EZCORP during the 3rd quarter valued at $280,000. USA Financial Formulas bought a new position in shares of EZCORP in the third quarter worth $32,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of EZCORP by 129.9% in the third quarter. Exchange Traded Concepts LLC now owns 145,423 shares of the credit services provider’s stock worth $1,630,000 after purchasing an additional 82,165 shares during the period. 99.83% of the stock is currently owned by institutional investors.

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.