Aviance Capital Partners LLC Has $205,000 Stock Holdings in EZCORP, Inc. $EZPW

Aviance Capital Partners LLC trimmed its position in EZCORP, Inc. (NASDAQ:EZPW) by 30.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,756 shares of the credit services provider’s stock after selling 6,420 shares during the quarter. Aviance Capital Partners LLC’s holdings in EZCORP were worth $205,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boston Partners raised its stake in EZCORP by 289.7% during the first quarter. Boston Partners now owns 1,569,488 shares of the credit services provider’s stock worth $23,499,000 after acquiring an additional 1,166,758 shares in the last quarter. Fourth Sail Capital LP raised its stake in EZCORP by 503.6% during the first quarter. Fourth Sail Capital LP now owns 957,262 shares of the credit services provider’s stock worth $14,091,000 after acquiring an additional 798,679 shares in the last quarter. Cerity Partners LLC acquired a new position in EZCORP during the first quarter worth $8,310,000. Hennessy Advisors Inc. acquired a new position in EZCORP during the second quarter worth $7,104,000. Finally, Invenomic Capital Management LP raised its stake in EZCORP by 55.7% during the first quarter. Invenomic Capital Management LP now owns 1,229,705 shares of the credit services provider’s stock worth $18,101,000 after acquiring an additional 439,937 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

EZPW has been the topic of several research analyst reports. Canaccord Genuity Group increased their target price on EZCORP from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of EZCORP in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Insider Transactions at EZCORP

In related news, Director Matthew W. Appel sold 9,038 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $18.02, for a total value of $162,864.76. Following the transaction, the director owned 133,371 shares in the company, valued at $2,403,345.42. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.13% of the stock is currently owned by corporate insiders.

EZCORP Price Performance

EZCORP stock opened at $18.25 on Friday. The business’s 50-day simple moving average is $17.80 and its 200 day simple moving average is $15.56. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 14.26 and a beta of 0.62. EZCORP, Inc. has a 12-month low of $11.09 and a 12-month high of $19.44. The company has a quick ratio of 5.00, a current ratio of 6.31 and a debt-to-equity ratio of 0.52.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The business had revenue of $310.98 million for the quarter, compared to analysts’ expectations of $302.25 million. EZCORP had a return on equity of 11.85% and a net margin of 7.96%. As a group, research analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share 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.