Fmr LLC Purchases 64,926 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Fmr LLC increased its position in EZCORP, Inc. (NASDAQ:EZPW) by 37.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,747 shares of the credit services provider’s stock after purchasing an additional 64,926 shares during the period. Fmr LLC owned approximately 0.43% of EZCORP worth $2,654,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EZPW. USA Financial Formulas purchased a new position in shares of EZCORP during the third quarter valued at approximately $32,000. Quarry LP boosted its holdings in EZCORP by 169.1% during the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 2,976 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of EZCORP in the 2nd quarter worth $71,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of EZCORP in the third quarter valued at about $106,000. Finally, nVerses Capital LLC lifted its position in shares of EZCORP by 640.0% during the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Stock Down 0.7 %

Shares of NASDAQ:EZPW opened at $12.20 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $11.18. EZCORP, Inc. has a 12-month low of $8.20 and a 12-month high of $12.85. The stock has a market capitalization of $664.53 million, a price-to-earnings ratio of 10.99 and a beta of 1.05.

Insider Activity at EZCORP

In other EZCORP news, CRO Nicole Swies sold 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the executive now owns 101,813 shares in the company, valued at $1,269,608.11. The trade was a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $428,403.06. Following the transaction, the insider now owns 66,242 shares of the company’s stock, valued at $822,725.64. This represents a 34.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EZPW. Canaccord Genuity Group restated a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a research note on Friday, October 4th. Stephens started coverage on shares of EZCORP in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $13.00 price target for the company.

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.