State Street Corp Grows Holdings in EZCORP, Inc. (NASDAQ:EZPW)

State Street Corp grew its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,777 shares of the credit services provider’s stock after acquiring an additional 2,809 shares during the period. State Street Corp owned about 1.98% of EZCORP worth $12,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in EZCORP during the 3rd quarter worth approximately $32,000. Quarry LP boosted its stake in EZCORP by 169.1% during the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 2,976 shares during the last quarter. Innealta Capital LLC acquired a new position in EZCORP during the 2nd quarter worth $71,000. Allspring Global Investments Holdings LLC bought a new stake in shares of EZCORP in the 3rd quarter worth about $106,000. Finally, nVerses Capital LLC grew its stake in EZCORP by 640.0% in the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after purchasing an additional 9,600 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at EZCORP

In other news, insider Sunil Sajnani sold 34,493 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total transaction of $428,403.06. Following the completion of the sale, the insider now directly owns 66,242 shares of the company’s stock, valued at $822,725.64. This trade represents a 34.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Nicole Swies sold 10,000 shares of EZCORP stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the transaction, the executive now directly owns 101,813 shares in the company, valued at $1,269,608.11. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by insiders.

EZCORP Trading Up 1.2 %

EZCORP stock opened at $11.88 on Thursday. EZCORP, Inc. has a 52-week low of $8.20 and a 52-week high of $12.85. The firm has a market capitalization of $647.04 million, a price-to-earnings ratio of 10.70 and a beta of 1.05. The firm has a 50-day moving average price of $11.99 and a two-hundred day moving average price of $11.25. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28.

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.