Jacobs Levy Equity Management Inc. Sells 39,922 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Jacobs Levy Equity Management Inc. cut its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 619,640 shares of the credit services provider’s stock after selling 39,922 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.13% of EZCORP worth $7,021,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EZPW. Allspring Global Investments Holdings LLC raised its holdings in shares of EZCORP by 63.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 4,451 shares during the last quarter. Victory Capital Management Inc. increased its holdings in EZCORP by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 124,864 shares of the credit services provider’s stock worth $1,091,000 after buying an additional 5,064 shares during the last quarter. Perritt Capital Management Inc. increased its holdings in EZCORP by 9.2% during the fourth quarter. Perritt Capital Management Inc. now owns 83,300 shares of the credit services provider’s stock worth $728,000 after buying an additional 7,000 shares during the last quarter. Aigen Investment Management LP increased its holdings in EZCORP by 22.5% during the fourth quarter. Aigen Investment Management LP now owns 40,438 shares of the credit services provider’s stock worth $353,000 after buying an additional 7,416 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in EZCORP by 82.4% during the first quarter. Quantbot Technologies LP now owns 26,781 shares of the credit services provider’s stock worth $303,000 after buying an additional 12,097 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

EZCORP Trading Up 2.6 %

EZCORP stock traded up $0.26 during mid-day trading on Tuesday, reaching $10.38. 379,022 shares of the company traded hands, compared to its average volume of 525,405. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.17 and a quick ratio of 3.23. The firm’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.30. The firm has a market capitalization of $570.28 million, a price-to-earnings ratio of 9.98 and a beta of 1.04. EZCORP, Inc. has a 52-week low of $7.70 and a 52-week high of $11.52.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $285.64 million for the quarter, compared to the consensus estimate of $287.59 million. EZCORP had a net margin of 7.05% and a return on equity of 10.55%. During the same period in the previous year, the firm earned $0.23 EPS. On average, analysts anticipate that EZCORP, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on shares of EZCORP from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 3rd.

Insider Activity

In related news, Director Matthew W. Appel sold 26,490 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $10.32, for a total value of $273,376.80. Following the transaction, the director now owns 138,684 shares in the company, valued at approximately $1,431,218.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.13% of the company’s stock.

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.