EZCORP, Inc. (NASDAQ:EZPW) COO John Blair Jr. Powell Sells 10,000 Shares

EZCORP, Inc. (NASDAQ:EZPW) COO John Blair Jr. Powell sold 10,000 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $13.73, for a total transaction of $137,300.00. Following the sale, the chief operating officer now directly owns 159,483 shares of the company’s stock, valued at approximately $2,189,701.59. The trade was a 5.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

John Blair Jr. Powell also recently made the following trade(s):

• On Tuesday, June 10th, John Blair Jr. Powell sold 3,500 shares of EZCORP stock. The shares were sold at an average price of $13.81, for a total value of $48,335.00.
• On Thursday, May 22nd, John Blair Jr. Powell sold 10,000 shares of EZCORP stock. The shares were sold at an average price of $13.26, for a total value of $132,600.00.
• On Tuesday, May 13th, John Blair Jr. Powell sold 20,000 shares of EZCORP stock. The stock was sold at an average price of $14.17, for a total transaction of $283,400.00.
• On Thursday, May 8th, John Blair Jr. Powell sold 42,500 shares of EZCORP stock. The shares were sold at an average price of $14.55, for a total transaction of $618,375.00.

EZCORP Stock Down 2.2%

EZPW opened at $13.41 on Friday. The company has a market capitalization of $737.74 million, a PE ratio of 11.66 and a beta of 0.53. The firm has a 50-day simple moving average of $14.62 and a two-hundred day simple moving average of $13.58. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27. EZCORP, Inc. has a 52 week low of $9.66 and a 52 week high of $16.60.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. The business had revenue of $306.32 million during the quarter, compared to analysts’ expectations of $310.35 million. Analysts forecast that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EZPW. Vanguard Group Inc. lifted its position in EZCORP by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,263,712 shares of the credit services provider’s stock valued at $48,042,000 after purchasing an additional 9,968 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of EZCORP by 18.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,002,197 shares of the credit services provider’s stock valued at $24,467,000 after buying an additional 310,706 shares in the last quarter. Boston Partners lifted its holdings in shares of EZCORP by 289.7% in the 1st quarter. Boston Partners now owns 1,569,488 shares of the credit services provider’s stock valued at $23,499,000 after acquiring an additional 1,166,758 shares during the last quarter. Invesco Ltd. grew its position in EZCORP by 31.0% in the first quarter. Invesco Ltd. now owns 1,520,830 shares of the credit services provider’s stock worth $22,387,000 after acquiring an additional 359,543 shares in the last quarter. Finally, Millennium Management LLC grew its position in EZCORP by 21.8% in the first quarter. Millennium Management LLC now owns 1,455,869 shares of the credit services provider’s stock worth $21,430,000 after acquiring an additional 260,085 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on EZPW shares. Canaccord Genuity Group reduced their price objective on shares of EZCORP from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Stephens reiterated an “equal weight” rating and issued a $17.00 price target on shares of EZCORP in a research note on Tuesday, May 20th. Wall Street Zen downgraded EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. BTIG Research started coverage on EZCORP in a research note on Wednesday, May 14th. They issued a “neutral” rating for the company. Finally, Roth Capital set a $16.00 target price on EZCORP in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.25.

About EZCORP

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.