Requisite Capital Management LLC Reduces Position in EZCORP, Inc. $EZPW

Requisite Capital Management LLC decreased its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and 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 comprises 1.0% of Requisite Capital Management LLC’s holdings, making the stock its 13th biggest position. Requisite Capital Management LLC’s holdings in EZCORP were worth $5,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new stake in shares of EZCORP during the second quarter valued at $31,000. KBC Group NV purchased a new position in EZCORP in the 1st quarter worth $44,000. Deutsche Bank AG raised its stake in EZCORP by 533.5% in the 4th quarter. Deutsche Bank AG now owns 2,667 shares of the credit services provider’s stock worth $52,000 after acquiring an additional 2,246 shares during the last quarter. CWM LLC lifted its position in EZCORP by 21.2% during the 4th quarter. CWM LLC now owns 4,146 shares of the credit services provider’s stock worth $81,000 after acquiring an additional 724 shares during the period. Finally, State of Wyoming grew its stake in EZCORP by 178.1% during the 2nd quarter. State of Wyoming now owns 11,069 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 7,089 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EZPW. Weiss Ratings lowered EZCORP from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Citizens Jmp lifted their target price on EZCORP from $33.00 to $39.00 and gave the stock a “market outperform” rating in a report on Monday, May 11th. Zacks Research lowered EZCORP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group increased their price target on shares of EZCORP from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Citigroup reissued an “outperform” rating on shares of EZCORP in a research report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.80.

Insider Transactions at EZCORP

In related news, Director Pablo Lagos Espinosa sold 10,000 shares of EZCORP stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $35.54, for a total transaction of $355,400.00. Following the completion of the transaction, the director directly owned 207,543 shares in the company, valued at approximately $7,376,078.22. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ellen H. Bryant sold 30,000 shares of EZCORP stock in a transaction that occurred 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 transaction, the insider owned 117,786 shares of the company’s stock, valued at approximately $4,095,419.22. This represents a 20.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,000 shares of company stock worth $1,718,500 in the last 90 days. Company insiders own 2.13% of the company’s stock.

EZCORP Trading Down 1.6%

NASDAQ EZPW opened at $31.80 on Wednesday. EZCORP, Inc. has a 1 year low of $16.31 and a 1 year high of $37.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.81 and a quick ratio of 3.45. The company has a market capitalization of $1.95 billion, a PE ratio of 16.06 and a beta of 0.66. The company has a fifty day moving average of $31.68 and a 200 day moving average of $30.10.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. The company had revenue of $408.40 million for the quarter, compared to the consensus estimate of $425.83 million. EZCORP had a return on equity of 13.99% and a net margin of 9.97%. Research analysts forecast that EZCORP, Inc. will post 2 earnings per share for the current year.

EZCORP 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.