Fmr LLC Increases Position in EZCORP, Inc. (NASDAQ:EZPW)

Fmr LLC lifted its stake in EZCORP, Inc. (NASDAQ:EZPW) by 37.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 236,747 shares of the credit services provider’s stock after purchasing an additional 64,926 shares during the quarter. Fmr LLC’s holdings in EZCORP were worth $2,654,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its holdings in shares of EZCORP by 161.0% during the third quarter. GSA Capital Partners LLP now owns 132,972 shares of the credit services provider’s stock valued at $1,491,000 after acquiring an additional 82,025 shares in the last quarter. Intech Investment Management LLC purchased a new stake in EZCORP during the 3rd quarter worth approximately $662,000. Fourth Sail Capital LP grew its position in EZCORP by 21.5% during the 2nd quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock worth $7,527,000 after purchasing an additional 127,070 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in EZCORP during the 3rd quarter valued at approximately $918,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of EZCORP in the third quarter worth $181,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EZCORP

In other news, CRO Nicole Swies sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the transaction, the executive now directly owns 101,813 shares of the company’s stock, valued at approximately $1,269,608.11. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $428,403.06. Following the completion of the transaction, the insider now directly owns 66,242 shares in the company, valued at $822,725.64. This trade represents a 34.24 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is owned by insiders.

EZCORP Price Performance

NASDAQ:EZPW opened at $12.20 on Friday. EZCORP, Inc. has a one year low of $8.20 and a one year high of $12.85. The stock has a market cap of $664.53 million, a PE ratio of 10.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. The stock has a 50 day moving average price of $11.91 and a 200 day moving average price of $11.18.

Wall Street Analyst Weigh In

EZPW has been the topic of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $19.00 price target on shares of EZCORP in a research note on Friday, October 4th. Stephens started coverage on EZCORP in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price on the stock.

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.