Intech Investment Management LLC Purchases New Position in EZCORP, Inc. (NASDAQ:EZPW)

Intech Investment Management LLC purchased a new position in EZCORP, Inc. (NASDAQ:EZPW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,058 shares of the credit services provider’s stock, valued at approximately $662,000. Intech Investment Management LLC owned approximately 0.11% of EZCORP at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in EZCORP by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 3,301,392 shares of the credit services provider’s stock worth $37,405,000 after purchasing an additional 34,821 shares in the last quarter. Boston Partners lifted its stake in shares of EZCORP by 59.5% in the first quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock worth $9,553,000 after buying an additional 314,435 shares in the last quarter. ARS Investment Partners LLC lifted its stake in shares of EZCORP by 12.7% in the second quarter. ARS Investment Partners LLC now owns 16,874 shares of the credit services provider’s stock worth $177,000 after buying an additional 1,899 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of EZCORP by 44.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock valued at $15,292,000 after buying an additional 449,360 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of EZCORP during the second quarter valued at approximately $71,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EZCORP

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the transaction, the insider now directly owns 66,242 shares in the company, valued at $822,725.64. The trade was a 34.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.13% of the stock is currently owned by insiders.

EZCORP Trading Up 1.2 %

NASDAQ EZPW opened at $12.80 on Friday. The stock has a market cap of $697.15 million, a PE ratio of 11.53 and a beta of 1.03. EZCORP, Inc. has a 12 month low of $8.06 and a 12 month high of $12.85. The company’s 50-day moving average price is $11.64 and its 200-day moving average price is $11.01. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

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

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.