54,060 Shares of EZCORP, Inc. $EZPW Bought by Wavvest Wealth LLC

Wavvest Wealth LLC purchased a new stake in EZCORP, Inc. (NASDAQ:EZPW) during the 3rd quarter, HoldingsChannel reports. The fund purchased 54,060 shares of the credit services provider’s stock, valued at approximately $1,609,000. EZCORP comprises approximately 1.3% of Wavvest Wealth LLC’s portfolio, making the stock its 19th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. bought a new position in shares of EZCORP in the third quarter worth approximately $2,118,000. IFP Advisors Inc raised its stake in EZCORP by 546.4% in the third quarter. IFP Advisors Inc now owns 1,183 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Elevated Financial Group LLC raised its stake in EZCORP by 8.5% in the third quarter. Elevated Financial Group LLC now owns 28,790 shares of the credit services provider’s stock valued at $857,000 after purchasing an additional 2,262 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in EZCORP by 178.2% during the third quarter. Assenagon Asset Management S.A. now owns 696,826 shares of the credit services provider’s stock valued at $20,738,000 after purchasing an additional 446,343 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in EZCORP by 4,125.0% during the third quarter. Fortitude Family Office LLC now owns 1,521 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 1,485 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of EZCORP from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Canaccord Genuity Group lifted their price objective on shares of EZCORP from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Zacks Research downgraded shares of EZCORP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of EZCORP from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, EZCORP presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

EZCORP Trading Up 0.5%

Shares of EZPW opened at $33.20 on Thursday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 17.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 4.81. EZCORP, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $37.13. The firm has a 50 day moving average price of $31.67 and a 200-day moving average price of $31.62.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, August 5th. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. EZCORP had a net margin of 9.97% and a return on equity of 13.99%. The company had revenue of $408.40 million during the quarter, compared to analysts’ expectations of $425.83 million. As a group, equities research analysts forecast that EZCORP, Inc. will post 2.00 earnings per share for the current year.

Insiders Place Their Bets

In other EZCORP news, insider Ellen Bryant sold 30,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $34.77, for a total value of $1,043,100.00. Following the completion of the sale, the insider directly owned 117,786 shares of the company’s stock, valued at $4,095,419.22. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.13% of the stock is owned by corporate insiders.

About EZCORP

EZCORP, Inc is a financial services and retail company that provides pawn loans and sells pre-owned merchandise. Through its pawn stores, the company offers short-term, collateral-based loans secured by personal property such as jewelry, electronics, tools and other consumer goods.

In addition to lending, EZCORP purchases and resells previously owned merchandise, giving customers access to used jewelry, electronics, tools, sporting goods and other products. Its retail operations also support the company’s pawn-lending model by providing a sales channel for collateral that is not redeemed.

EZCORP serves customers through stores operating under brands that include EZPAWN and Value Pawn in the United States, as well as related brands in Latin American markets.