Principal Financial Group Inc. Sells 10,821 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Principal Financial Group Inc. lessened its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,449 shares of the credit services provider’s stock after selling 10,821 shares during the quarter. Principal Financial Group Inc. owned approximately 0.44% of EZCORP worth $2,695,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new stake in EZCORP during the 3rd quarter worth $32,000. Quarry LP grew its stake in shares of EZCORP by 169.1% during the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,976 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in EZCORP in the third quarter valued at about $106,000. nVerses Capital LLC lifted 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 valued at $124,000 after buying an additional 9,600 shares during the period. Finally, Stephens Inc. AR bought a new position in EZCORP during the third quarter worth about $138,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

EZCORP Price Performance

NASDAQ:EZPW opened at $12.12 on Friday. EZCORP, Inc. has a 1 year low of $8.20 and a 1 year high of $12.85. The stock has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $11.35. The stock has a market cap of $660.12 million, a price-to-earnings ratio of 10.92 and a beta of 1.05. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28.

Insider Activity

In other news, CRO Nicole Swies sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive now owns 101,813 shares in the company, valued at $1,269,608.11. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider now owns 66,242 shares in the company, valued at approximately $822,725.64. The trade was 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 currently owned by company insiders.

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.