Divisadero Street Capital Management LP Raises Stock Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Divisadero Street Capital Management LP boosted its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 1,699.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,246,445 shares of the credit services provider’s stock after buying an additional 1,177,166 shares during the quarter. EZCORP accounts for about 1.8% of Divisadero Street Capital Management LP’s holdings, making the stock its 17th biggest holding. Divisadero Street Capital Management LP owned approximately 2.29% of EZCORP worth $15,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Inspire Investing LLC purchased a new position in shares of EZCORP during the 4th quarter worth approximately $865,000. Barclays PLC lifted its stake in EZCORP by 11.3% during the third quarter. Barclays PLC now owns 92,166 shares of the credit services provider’s stock worth $1,033,000 after purchasing an additional 9,328 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of EZCORP during the fourth quarter worth $1,860,000. Y Intercept Hong Kong Ltd purchased a new position in EZCORP during the 4th quarter valued at about $210,000. Finally, LPL Financial LLC grew its position in EZCORP by 39.3% in the 4th quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 4,070 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EZPW. Canaccord Genuity Group cut their target price on shares of EZCORP from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday. Roth Mkm assumed coverage on EZCORP in a report on Monday, March 17th. They issued a “buy” rating and a $16.00 target price on the stock. Roth Capital set a $16.00 target price on EZCORP in a report on Monday, March 17th. Stephens reaffirmed an “equal weight” rating and issued a $13.50 price objective on shares of EZCORP in a research note on Thursday, February 6th. Finally, StockNews.com upgraded EZCORP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $17.38.

EZCORP Price Performance

EZPW stock opened at $14.74 on Wednesday. The stock’s 50 day moving average price is $14.91 and its 200 day moving average price is $13.24. The firm has a market cap of $810.91 million, a P/E ratio of 12.82 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. EZCORP, Inc. has a 1 year low of $9.66 and a 1 year high of $16.60.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $306.32 million for the quarter, compared to the consensus estimate of $310.35 million. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, sell-side analysts expect that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

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.