Readystate Asset Management LP Acquires New Position in EZCORP, Inc. (NASDAQ:EZPW)

Readystate Asset Management LP acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 46,526 shares of the credit services provider’s stock, valued at approximately $522,000.

A number of other institutional investors have also recently made changes to their positions in the business. USA Financial Formulas acquired a new position in EZCORP during the 3rd quarter worth approximately $32,000. Quarry LP grew its holdings 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 acquiring an additional 2,976 shares in the last quarter. Innealta Capital LLC acquired a new position in EZCORP during the 2nd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC acquired a new position in EZCORP during the 3rd quarter worth approximately $106,000. Finally, nVerses Capital LLC grew its holdings 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 acquiring an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Stock Down 1.0 %

EZPW stock opened at $12.51 on Friday. The company has a fifty day moving average price of $11.78 and a 200 day moving average price of $11.08. EZCORP, Inc. has a 12 month low of $8.20 and a 12 month high of $12.85. The company has a market cap of $681.42 million, a price-to-earnings ratio of 11.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stephens assumed coverage on shares of EZCORP in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and issued a $19.00 target price on shares of EZCORP in a report on Friday, October 4th.

Insiders Place Their Bets

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the company’s 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 completion of the transaction, the insider now owns 66,242 shares in the company, valued at approximately $822,725.64. This represents a 34.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.13% of the stock is owned by insiders.

EZCORP Company 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.