Barclays PLC Increases Stock Position in EZCORP, Inc. (NASDAQ:EZPW)

Barclays PLC lifted its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 11.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 92,166 shares of the credit services provider’s stock after purchasing an additional 9,328 shares during the period. Barclays PLC’s holdings in EZCORP were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in EZCORP by 0.3% during the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock worth $12,160,000 after acquiring an additional 2,809 shares during the period. Two Sigma Advisers LP grew its stake in shares of EZCORP by 25.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock worth $11,320,000 after purchasing an additional 201,700 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of EZCORP in the 3rd quarter valued at about $8,372,000. Fourth Sail Capital LP lifted its stake in shares of EZCORP by 21.5% in the second quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock valued at $7,527,000 after purchasing an additional 127,070 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in EZCORP by 1.8% during the third quarter. Geode Capital Management LLC now owns 595,870 shares of the credit services provider’s stock worth $6,683,000 after buying an additional 10,390 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other EZCORP news, CRO Nicole Swies sold 10,000 shares of the firm’s stock in a transaction on 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 owns 101,813 shares of the company’s stock, valued at approximately $1,269,608.11. This trade represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $428,403.06. Following the completion of the sale, the insider now owns 66,242 shares in the company, valued at $822,725.64. This represents a 34.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EZPW. 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 reaffirmed a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Stock Performance

NASDAQ:EZPW opened at $12.13 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $660.66 million, a P/E ratio of 10.93 and a beta of 1.03. The firm has a 50-day moving average price of $12.12 and a two-hundred day moving average price of $11.44. EZCORP, Inc. has a twelve month low of $8.20 and a twelve month high of $12.85.

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.