EZCORP (NASDAQ:EZPW) Director Pablo Lagos Espinosa Sells 10,000 Shares of Stock

EZCORP, Inc. (NASDAQ:EZPW) Director Pablo Lagos Espinosa sold 10,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $32.00, for a total transaction of $320,000.00. Following the sale, the director directly owned 217,543 shares in the company, valued at $6,961,376. This represents a 4.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EZCORP Stock Down 2.3%

Shares of EZPW opened at $31.23 on Tuesday. The stock has a market capitalization of $1.92 billion, a PE ratio of 16.97 and a beta of 0.63. EZCORP, Inc. has a 1 year low of $12.85 and a 1 year high of $37.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.52 and a current ratio of 4.71. The company’s 50-day simple moving average is $30.99 and its 200-day simple moving average is $25.43.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.22. The business had revenue of $434.90 million for the quarter. EZCORP had a net margin of 9.91% and a return on equity of 13.45%. Analysts forecast that EZCORP, Inc. will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EZPW. Divisadero Street Capital Management LP raised its position in EZCORP by 39.5% in the 3rd quarter. Divisadero Street Capital Management LP now owns 138,505 shares of the credit services provider’s stock valued at $2,637,000 after purchasing an additional 39,195 shares during the last quarter. Miller Global Investments LLC purchased a new stake in EZCORP in the 4th quarter valued at $1,451,000. JPMorgan Chase & Co. raised its position in EZCORP by 163.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 483,211 shares of the credit services provider’s stock valued at $9,200,000 after purchasing an additional 299,920 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in EZCORP in the 4th quarter valued at $1,207,000. Finally, Vanguard Group Inc. raised its position in EZCORP by 11.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,610,029 shares of the credit services provider’s stock valued at $68,735,000 after purchasing an additional 369,817 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EZPW has been the topic of a number of recent research reports. Citigroup restated an “outperform” rating on shares of EZCORP in a research note on Monday, May 11th. Canaccord Genuity Group set a $44.00 target price on shares of EZCORP in a research note on Friday, May 8th. Wall Street Zen upgraded shares of EZCORP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of EZCORP from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 8th. Finally, Citizens Jmp upped their target price on shares of EZCORP from $33.00 to $39.00 and gave the stock a “market outperform” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $37.25.

EZCORP Company Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.