Insider Selling: EZCORP, Inc. (NASDAQ:EZPW) COO Sells 20,000 Shares of Stock

EZCORP, Inc. (NASDAQ:EZPW) COO John Blair Jr. Powell sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $14.17, for a total transaction of $283,400.00. Following the completion of the transaction, the chief operating officer now owns 169,483 shares in the company, valued at $2,401,574.11. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction 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 transaction of $132,600.00.
• On Thursday, May 15th, John Blair Jr. Powell sold 10,000 shares of EZCORP stock. The shares were sold at an average price of $13.73, for a total transaction of $137,300.00.
• 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 Price Performance

Shares of NASDAQ EZPW opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13. The stock has a fifty day moving average price of $14.58 and a 200 day moving average price of $13.58. EZCORP, Inc. has a 1-year low of $9.66 and a 1-year high of $16.60. The company has a market cap of $724.53 million, a PE ratio of 11.45 and a beta of 0.53.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share for the quarter, topping 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 firm had revenue of $306.32 million during the quarter, compared to the consensus estimate of $310.35 million. Sell-side analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current year.

Institutional Investors Weigh In On EZCORP

Several hedge funds have recently modified their holdings of EZPW. GAMMA Investing LLC lifted its holdings in shares of EZCORP by 60.4% during the first quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider’s stock worth $75,000 after purchasing an additional 1,906 shares during the period. National Bank of Canada FI acquired a new stake in EZCORP in the first quarter valued at $91,000. Quarry LP lifted its holdings in EZCORP by 652.4% in the first quarter. Quarry LP now owns 7,637 shares of the credit services provider’s stock valued at $112,000 after acquiring an additional 6,622 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in EZCORP in the fourth quarter valued at $122,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in EZCORP in the fourth quarter valued at $138,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EZPW shares. Wall Street Zen upgraded shares of EZCORP from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Canaccord Genuity Group lowered their target price on shares of EZCORP from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Roth Mkm started coverage on shares of EZCORP in a research report on Monday, March 17th. They set a “buy” rating and a $16.00 target price on the stock. Stephens restated an “equal weight” rating and set a $17.00 target price on shares of EZCORP in a research report on Tuesday, May 20th. Finally, Roth Capital set a $16.00 target price on shares of EZCORP in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.