Victory Capital Management Inc. lowered its stake in EZCORP, Inc. (NASDAQ:EZPW – Free Report) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,500 shares of the credit services provider’s stock after selling 5,000 shares during the period. Victory Capital Management Inc.’s holdings in EZCORP were worth $936,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas purchased a new position in shares of EZCORP in the third quarter worth $32,000. Quarry LP raised its holdings in shares of EZCORP by 169.1% in the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after buying an additional 2,976 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of EZCORP in the second quarter worth $71,000. Allspring Global Investments Holdings LLC purchased a new position in shares of EZCORP in the third quarter worth $106,000. Finally, nVerses Capital LLC raised its holdings in shares of EZCORP by 640.0% in the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after buying an additional 9,600 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $19.00 target price on shares of EZCORP in a report on Friday, October 4th. Stephens assumed coverage on shares of EZCORP in a report on Wednesday, November 13th. They set an “equal weight” rating and a $13.00 target price for the company.
EZCORP Trading Up 0.9 %
Shares of EZCORP stock opened at $12.65 on Thursday. The stock has a market cap of $688.98 million, a PE ratio of 11.41 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. The firm has a fifty day moving average price of $11.52 and a 200 day moving average price of $10.97. EZCORP, Inc. has a 1 year low of $7.72 and a 1 year high of $12.85.
Insider Activity at EZCORP
In related news, insider Sunil Sajnani sold 34,493 shares of the firm’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 sale, the insider now owns 66,242 shares in the company, valued at approximately $822,725.64. This trade represents a 34.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.13% of the stock is owned by company 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.
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