EZCORP (NASDAQ:EZPW) Insider Ellen Bryant Sells 30,000 Shares

by · The Markets Daily

EZCORP, Inc. (NASDAQ:EZPW – Get Free Report) insider Ellen Bryant sold 30,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $34.77, for a total value of $1,043,100.00. Following the completion of the sale, the insider directly owned 117,786 shares of the company’s stock, valued at $4,095,419.22. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EZCORP Stock Up 0.5%

NASDAQ:EZPW traded up $0.18 during mid-day trading on Tuesday, hitting $35.23. 1,166,037 shares of the company’s stock traded hands, compared to its average volume of 946,980. The company has a fifty day moving average of $31.44 and a 200 day moving average of $29.71. EZCORP, Inc. has a twelve month low of $16.20 and a twelve month high of $37.13. The company has a market capitalization of $2.16 billion, a P/E ratio of 17.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 4.81.

EZCORP (NASDAQ:EZPW – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $408.40 million for the quarter, compared to analyst estimates of $425.83 million. EZCORP had a return on equity of 13.99% and a net margin of 9.97%. On average, analysts forecast that EZCORP, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EZPW. Citigroup reaffirmed an “outperform” rating on shares of EZCORP in a report on Monday, May 11th. Wall Street Zen lowered EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings cut EZCORP from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Citizens Jmp increased their price objective on EZCORP from $33.00 to $39.00 and gave the company a “market outperform” rating in a report on Monday, May 11th. Finally, Zacks Research cut EZCORP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, EZCORP presently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Get Our Latest Stock Report on EZPW

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in EZCORP in the second quarter valued at $270,000. California State Teachers Retirement System lifted its holdings in shares of EZCORP by 3,013.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,201,763 shares of the credit services provider’s stock valued at $76,115,000 after buying an additional 2,131,038 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of EZCORP in the second quarter worth about $90,000. Triumph Capital Management boosted its stake in shares of EZCORP by 4.7% in the second quarter. Triumph Capital Management now owns 14,324 shares of the credit services provider’s stock worth $495,000 after buying an additional 642 shares during the last quarter. Finally, Navellier & Associates Inc. grew its holdings in EZCORP by 203.0% during the second quarter. Navellier & Associates Inc. now owns 65,347 shares of the credit services provider’s stock worth $2,259,000 after acquiring an additional 43,780 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

About EZCORP

(Get Free Report)

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.

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