Smith Asset Management Group LP acquired a new position in Ezcorp Inc. (NASDAQ:EZPW) during the second quarter, Holdings Channel reports. The fund acquired 58,310 shares of the company’s stock, valued at approximately $441,000.
Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Ezcorp by 142.7% in the first quarter. Renaissance Technologies LLC now owns 271,118 shares of the company’s stock worth $805,000 after buying an additional 159,391 shares during the last quarter. Menta Capital LLC boosted its position in Ezcorp by 13.1% in the first quarter. Menta Capital LLC now owns 159,081 shares of the company’s stock worth $472,000 after buying an additional 18,400 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in Ezcorp during the first quarter worth about $1,675,000. Lafitte Capital Management LP boosted its position in Ezcorp by 41.2% in the first quarter. Lafitte Capital Management LP now owns 3,085,173 shares of the company’s stock worth $9,163,000 after buying an additional 900,000 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Ezcorp during the first quarter worth about $152,000. Hedge funds and other institutional investors own 79.56% of the company’s stock.
Shares of Ezcorp Inc. (NASDAQ:EZPW) traded down 1.78% during midday trading on Monday, reaching $9.94. The company had a trading volume of 412,181 shares. Ezcorp Inc. has a 52 week low of $2.44 and a 52 week high of $10.62. The firm’s market capitalization is $536.57 million. The stock has a 50-day moving average of $9.97 and a 200 day moving average of $7.08.
Ezcorp (NASDAQ:EZPW) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. Ezcorp had a negative return on equity of 3.34% and a negative net margin of 23.29%. On average, analysts anticipate that Ezcorp Inc. will post ($1.57) earnings per share for the current year.
A number of equities analysts have recently issued reports on EZPW shares. Jefferies Group reiterated a “hold” rating and issued a $9.00 price objective on shares of Ezcorp in a report on Thursday, August 4th. Zacks Investment Research upgraded Ezcorp from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Friday, August 12th. CL King upgraded Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 target price for the company in a report on Wednesday, August 17th. Finally, Wells Fargo & Co. upgraded Ezcorp from a “market perform” rating to an “outperform” rating in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.08.
Ezcorp Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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