Victory Capital Management Inc. Trims Stake in EZCORP, Inc. (NASDAQ:EZPW)

Victory Capital Management Inc. reduced its position in EZCORP, Inc. (NASDAQ:EZPW) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,500 shares of the credit services provider’s stock after selling 5,000 shares during the quarter. Victory Capital Management Inc. owned 0.15% of EZCORP worth $936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its position in EZCORP by 4.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider’s stock worth $342,000 after purchasing an additional 1,299 shares during the period. ARS Investment Partners LLC raised its position in EZCORP by 12.7% in the 2nd quarter. ARS Investment Partners LLC now owns 16,874 shares of the credit services provider’s stock worth $177,000 after purchasing an additional 1,899 shares during the period. Aigen Investment Management LP raised its position in EZCORP by 16.5% in the 3rd quarter. Aigen Investment Management LP now owns 17,712 shares of the credit services provider’s stock worth $199,000 after purchasing an additional 2,508 shares during the period. ClariVest Asset Management LLC raised its position in EZCORP by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 102,868 shares of the credit services provider’s stock worth $1,077,000 after purchasing an additional 2,876 shares during the period. Finally, USA Financial Formulas purchased a new stake in EZCORP in the 3rd quarter worth about $32,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

EZCORP Price Performance

NASDAQ EZPW opened at $12.65 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. The firm’s 50 day moving average price is $11.52 and its 200-day moving average price is $10.97. EZCORP, Inc. has a 52-week low of $7.72 and a 52-week high of $12.85. The company has a market cap of $688.98 million, a PE ratio of 11.41 and a beta of 1.03.

Insider Activity

In other news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the transaction, the insider now directly owns 66,242 shares in the company, valued at approximately $822,725.64. This trade represents a 34.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stephens assumed coverage on shares of EZCORP in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 price objective on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $19.00 target price on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Profile

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.