Requisite Capital Management LLC Lowers Holdings in EZCORP, Inc. $EZPW

Requisite Capital Management LLC lowered its position in EZCORP, Inc. (NASDAQ:EZPW) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,307 shares of the credit services provider’s stock after selling 20,000 shares during the quarter. EZCORP makes up about 1.0% of Requisite Capital Management LLC’s portfolio, making the stock its 13th biggest position. Requisite Capital Management LLC owned approximately 0.27% of EZCORP worth $5,749,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of EZCORP by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,563,724 shares of the credit services provider’s stock worth $69,209,000 after buying an additional 84,566 shares during the period. Capital Research Global Investors increased its stake in shares of EZCORP by 47.5% during the fourth quarter. Capital Research Global Investors now owns 3,167,748 shares of the credit services provider’s stock valued at $61,518,000 after buying an additional 1,019,622 shares during the period. Wasatch Advisors LP increased its stake in shares of EZCORP by 5.4% during the second quarter. Wasatch Advisors LP now owns 2,321,138 shares of the credit services provider’s stock valued at $32,217,000 after buying an additional 118,641 shares during the period. Millennium Management LLC raised its holdings in shares of EZCORP by 28.5% in the third quarter. Millennium Management LLC now owns 1,975,421 shares of the credit services provider’s stock valued at $37,612,000 after acquiring an additional 437,601 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in EZCORP by 8.6% in the third quarter. Invesco Ltd. now owns 1,246,427 shares of the credit services provider’s stock worth $23,732,000 after acquiring an additional 99,059 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ellen H. Bryant sold 30,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the transaction, the insider directly owned 117,786 shares in the company, valued at $4,095,419.22. The trade was a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pablo Lagos Espinosa sold 10,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the transaction, the director directly owned 207,543 shares in the company, valued at $7,376,078.22. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 50,000 shares of company stock worth $1,718,500. Insiders own 2.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of EZCORP from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group increased their price objective on shares of EZCORP from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Roth Capital reissued a “buy” rating and issued a $40.00 price objective on shares of EZCORP in a research note on Friday, May 8th. Wall Street Zen cut EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Canaccord Genuity Group set a $44.00 price target on EZCORP in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, EZCORP has an average rating of “Moderate Buy” and an average target price of $38.80.

EZCORP Stock Down 1.6%

NASDAQ:EZPW opened at $31.80 on Wednesday. EZCORP, Inc. has a fifty-two week low of $16.31 and a fifty-two week high of $37.13. The stock has a market capitalization of $1.95 billion, a P/E ratio of 16.06 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 4.81. The company’s 50-day simple moving average is $31.68 and its 200-day simple moving average is $30.10.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, August 5th. The credit services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. EZCORP had a net margin of 9.97% and a return on equity of 13.99%. The firm had revenue of $408.40 million during the quarter, compared to analyst estimates of $425.83 million. On average, equities analysts anticipate that EZCORP, Inc. will post 2 earnings per share for the current fiscal year.

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.