Wasatch Advisors LP Reduces Position in EZCORP, Inc. (NASDAQ:EZPW)

Wasatch Advisors LP lessened its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 2.8% during the 3rd quarter, Holdings Channel reports. The firm owned 2,493,486 shares of the credit services provider’s stock after selling 72,178 shares during the quarter. Wasatch Advisors LP’s holdings in EZCORP were worth $27,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of EZPW. USA Financial Formulas purchased a new stake in EZCORP during the 3rd quarter worth approximately $32,000. Quarry LP grew its position in EZCORP by 169.1% during the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC purchased a new stake in EZCORP during the 2nd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC purchased a new stake in EZCORP during the 3rd quarter worth approximately $106,000. Finally, nVerses Capital LLC grew its position in EZCORP by 640.0% during the 3rd quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after purchasing an additional 9,600 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In related news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the sale, the insider now directly owns 66,242 shares of the company’s stock, valued at approximately $822,725.64. This represents a 34.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on EZPW shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a report on Friday, October 4th. Stephens started coverage on shares of EZCORP in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 price objective on the stock.

EZCORP Stock Up 1.2 %

EZPW stock opened at $12.80 on Friday. The firm’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $11.02. EZCORP, Inc. has a 12 month low of $8.06 and a 12 month high of $12.85. The company has a market capitalization of $697.15 million, a P/E ratio of 11.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99.

EZCORP 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.