EZCORP (NASDAQ:EZPW) Sets New 52-Week High on Earnings Beat

EZCORP, Inc. (NASDAQ:EZPW) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $12.85 and last traded at $12.70, with a volume of 1073578 shares. The stock had previously closed at $12.24.

The credit services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a return on equity of 10.65% and a net margin of 7.15%.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “equal weight” rating and set a $13.50 price target on shares of EZCORP in a report on Thursday.

Insider Buying and Selling at EZCORP

In related news, insider Sunil Sajnani sold 34,493 shares of the 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 completion of the transaction, the insider now owns 66,242 shares in the company, valued at $822,725.64. This represents a 34.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Nicole Swies sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the executive now owns 101,813 shares in the company, valued at $1,269,608.11. This trade represents a 8.94 % 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas acquired a new stake in EZCORP in the third quarter worth approximately $32,000. GAMMA Investing LLC raised its stake in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,554 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of EZCORP in the third quarter valued at $106,000. nVerses Capital LLC boosted its stake in 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 buying an additional 9,600 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in EZCORP during the third quarter worth about $138,000. 99.83% of the stock is currently owned by institutional investors.

EZCORP Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99. The stock has a market capitalization of $673.25 million, a price-to-earnings ratio of 11.14 and a beta of 1.01. The business has a fifty day moving average of $12.19 and a 200-day moving average of $11.69.

EZCORP Company 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.