Exchange Traded Concepts LLC Purchases 6,205 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Exchange Traded Concepts LLC boosted its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 4.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 151,628 shares of the credit services provider’s stock after acquiring an additional 6,205 shares during the period. Exchange Traded Concepts LLC’s holdings in EZCORP were worth $1,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in EZCORP by 0.3% during the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock valued at $12,160,000 after buying an additional 2,809 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of EZCORP by 25.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock valued at $11,320,000 after purchasing an additional 201,700 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of EZCORP in the 3rd quarter valued at approximately $8,372,000. Geode Capital Management LLC lifted its stake in shares of EZCORP by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 595,870 shares of the credit services provider’s stock valued at $6,683,000 after purchasing an additional 10,390 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of EZCORP by 25.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 476,896 shares of the credit services provider’s stock valued at $5,346,000 after purchasing an additional 96,630 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CRO Nicole Swies sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the sale, the executive now directly owns 101,813 shares of the company’s stock, valued at approximately $1,269,608.11. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sunil Sajnani sold 34,493 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total value of $428,403.06. Following the sale, the insider now directly owns 66,242 shares of the company’s stock, valued at $822,725.64. This represents 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 owned by corporate insiders.

Analysts Set New Price Targets

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

EZCORP Price Performance

Shares of EZPW stock opened at $12.46 on Monday. EZCORP, Inc. has a 52-week low of $8.20 and a 52-week high of $12.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. The firm has a market capitalization of $678.70 million, a P/E ratio of 11.23 and a beta of 1.03. The stock has a 50 day moving average price of $12.22 and a 200 day moving average price of $11.58.

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.