SG Americas Securities LLC Purchases New Holdings in EZCORP, Inc. (NASDAQ:EZPW)

SG Americas Securities LLC purchased a new stake in EZCORP, Inc. (NASDAQ:EZPW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,953 shares of the credit services provider’s stock, valued at approximately $280,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of EZCORP by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 3,301,392 shares of the credit services provider’s stock valued at $37,405,000 after acquiring an additional 34,821 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of EZCORP by 2.4% in the 1st quarter. Wasatch Advisors LP now owns 2,593,128 shares of the credit services provider’s stock valued at $29,380,000 after acquiring an additional 60,329 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in EZCORP by 44.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock worth $15,292,000 after buying an additional 449,360 shares in the last quarter. Boston Partners lifted its position in EZCORP by 59.5% in the 1st 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. Finally, Fourth Sail Capital LP lifted its position in EZCORP by 21.5% in the 2nd quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock worth $7,527,000 after buying an additional 127,070 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 target price on shares of EZCORP in a research report on Friday, October 4th.

EZCORP Stock Down 1.7 %

EZPW stock opened at $11.60 on Monday. EZCORP, Inc. has a 12-month low of $7.70 and a 12-month high of $12.23. The company has a quick ratio of 1.99, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a market cap of $637.33 million, a price-to-earnings ratio of 11.15 and a beta of 1.02. The company has a 50 day moving average of $11.38 and a two-hundred day moving average of $10.79.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. EZCORP had a net margin of 6.87% and a return on equity of 10.64%. The company had revenue of $281.42 million during the quarter, compared to the consensus estimate of $281.69 million. On average, equities analysts anticipate that EZCORP, Inc. will post 1.13 earnings per share for the current fiscal year.

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.