EZCORP Sees Unusually Large Options Volume (EZPW)

EZCORP Inc (NASDAQ:EZPW) was the target of unusually large options trading activity on Wednesday. Investors purchased 2,163 put options on the company. This represents an increase of approximately 1,392% compared to the typical volume of 145 put options.

Several large investors have recently bought and sold shares of the business. Texas Permanent School Fund grew its stake in shares of EZCORP by 4.2% in the fourth quarter. Texas Permanent School Fund now owns 33,776 shares of the credit services provider’s stock worth $261,000 after acquiring an additional 1,376 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of EZCORP by 6.0% in the first quarter. Van Hulzen Asset Management LLC now owns 25,446 shares of the credit services provider’s stock worth $237,000 after acquiring an additional 1,431 shares in the last quarter. Arizona State Retirement System grew its stake in shares of EZCORP by 1.8% in the first quarter. Arizona State Retirement System now owns 80,950 shares of the credit services provider’s stock worth $754,000 after acquiring an additional 1,463 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of EZCORP by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 152,300 shares of the credit services provider’s stock worth $1,177,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of EZCORP by 7.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 27,643 shares of the credit services provider’s stock worth $214,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors and hedge funds own 98.79% of the company’s stock.

NASDAQ:EZPW opened at $10.49 on Thursday. The firm has a market capitalization of $581.62 million, a price-to-earnings ratio of 13.28 and a beta of 1.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 2.26. EZCORP has a 52 week low of $7.45 and a 52 week high of $14.30.

Several research firms recently weighed in on EZPW. Zacks Investment Research downgraded shares of EZCORP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 30th. BidaskClub downgraded shares of EZCORP from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. ValuEngine upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, B. Riley began coverage on shares of EZCORP in a report on Friday, April 12th. They issued a “buy” rating and a $14.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. EZCORP presently has a consensus rating of “Hold” and an average price target of $12.50.

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About EZCORP

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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