Exchange Traded Concepts LLC Has $3.64 Million Stock Position in EZCORP, Inc. $EZPW

Exchange Traded Concepts LLC lowered its stake in EZCORP, Inc. (NASDAQ:EZPW) by 14.7% during the third quarter, HoldingsChannel reports. The firm owned 191,349 shares of the credit services provider’s stock after selling 32,903 shares during the period. Exchange Traded Concepts LLC’s holdings in EZCORP were worth $3,643,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of EZCORP by 0.9% in the second quarter. Rhumbline Advisers now owns 73,064 shares of the credit services provider’s stock worth $1,014,000 after acquiring an additional 648 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of EZCORP by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,362 shares of the credit services provider’s stock valued at $185,000 after acquiring an additional 926 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in EZCORP by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 31,003 shares of the credit services provider’s stock worth $429,000 after purchasing an additional 2,208 shares during the period. USA Financial Formulas purchased a new position in EZCORP during the 2nd quarter worth approximately $31,000. Finally, HighTower Advisors LLC raised its stake in EZCORP by 9.3% during the 1st quarter. HighTower Advisors LLC now owns 39,760 shares of the credit services provider’s stock valued at $585,000 after purchasing an additional 3,393 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup reiterated a “market outperform” rating on shares of EZCORP in a report on Friday, November 14th. Canaccord Genuity Group lifted their target price on EZCORP from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, November 17th. JMP Securities set a $23.00 price target on shares of EZCORP in a research report on Monday, November 3rd. Citizens Jmp began coverage on shares of EZCORP in a report on Monday, November 3rd. They set a “market outperform” rating and a $23.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EZCORP in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.50.

EZCORP Price Performance

Shares of EZPW opened at $20.25 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.37 and a current ratio of 5.61. The firm has a market cap of $1.23 billion, a PE ratio of 14.36 and a beta of 0.52. The firm’s 50 day moving average price is $18.83 and its 200 day moving average price is $16.75. EZCORP, Inc. has a twelve month low of $11.60 and a twelve month high of $21.49.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Thursday, November 13th. The credit services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $335.90 million during the quarter, compared to the consensus estimate of $325.09 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%. As a group, research analysts expect that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

EZCORP Profile

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.