Lafitte Capital Management LP lifted its stake in EZCORP Inc (NASDAQ:EZPW) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,088,338 shares of the credit services provider’s stock after purchasing an additional 510,838 shares during the quarter. EZCORP accounts for 25.6% of Lafitte Capital Management LP’s portfolio, making the stock its largest position. Lafitte Capital Management LP owned about 9.34% of EZCORP worth $62,078,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of EZCORP in the third quarter worth approximately $114,000. Advisor Group Inc. lifted its position in shares of EZCORP by 222.2% in the fourth quarter. Advisor Group Inc. now owns 14,500 shares of the credit services provider’s stock worth $177,000 after purchasing an additional 10,000 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of EZCORP in the fourth quarter worth approximately $215,000. Crossmark Global Holdings Inc. acquired a new position in EZCORP in the third quarter worth approximately $188,000. Finally, Brandywine Global Investment Management LLC acquired a new position in EZCORP in the fourth quarter worth approximately $291,000. 92.48% of the stock is owned by institutional investors and hedge funds.
EZCORP Inc (EZPW) opened at $13.70 on Wednesday. EZCORP Inc has a twelve month low of $7.55 and a twelve month high of $14.30. The company has a market capitalization of $754.33, a P/E ratio of 19.86 and a beta of 1.62. The company has a quick ratio of 5.47, a current ratio of 7.77 and a debt-to-equity ratio of 0.44.
A number of research firms recently commented on EZPW. Zacks Investment Research downgraded EZCORP from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub upgraded EZCORP from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 8th. ValuEngine upgraded EZCORP from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Jefferies Group restated a “buy” rating and issued a $13.00 price objective on shares of EZCORP in a report on Friday, November 17th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. EZCORP currently has an average rating of “Buy” and a consensus price target of $13.50.
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EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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