Manatuck Hill Partners LLC Sells 30,000 Shares of EZCORP, Inc. $EZPW

Manatuck Hill Partners LLC lowered its stake in EZCORP, Inc. (NASDAQ:EZPW) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,000 shares of the credit services provider’s stock after selling 30,000 shares during the period. EZCORP makes up 1.4% of Manatuck Hill Partners LLC’s holdings, making the stock its 29th biggest holding. Manatuck Hill Partners LLC owned 0.32% of EZCORP worth $3,884,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new position in shares of EZCORP in the fourth quarter worth $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of EZCORP in the third quarter worth $29,000. Deutsche Bank AG increased its position in shares of EZCORP by 533.5% in the fourth quarter. Deutsche Bank AG now owns 2,667 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 2,246 shares during the period. Jones Financial Companies Lllp increased its position in shares of EZCORP by 913.5% in the third quarter. Jones Financial Companies Lllp now owns 4,216 shares of the credit services provider’s stock worth $79,000 after purchasing an additional 3,800 shares during the period. Finally, CWM LLC increased its position in shares of EZCORP by 21.2% in the fourth quarter. CWM LLC now owns 4,146 shares of the credit services provider’s stock worth $81,000 after purchasing an additional 724 shares during the period. Institutional investors own 99.83% of the company’s stock.

Insider Activity at EZCORP

In other EZCORP news, Director Pablo Lagos Espinosa sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $32.00, for a total value of $320,000.00. Following the transaction, the director directly owned 217,543 shares of the company’s stock, valued at approximately $6,961,376. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jason A. Kulas sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.56, for a total value of $671,200.00. Following the completion of the transaction, the director directly owned 172,948 shares in the company, valued at approximately $5,804,134.88. This trade represents a 10.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.13% of the stock is currently owned by insiders.

EZCORP Price Performance

EZCORP stock opened at $30.44 on Thursday. The stock’s 50 day moving average is $31.68 and its 200 day moving average is $26.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.71 and a quick ratio of 3.52. The firm has a market cap of $1.87 billion, a P/E ratio of 16.54 and a beta of 0.63. EZCORP, Inc. has a one year low of $12.89 and a one year high of $37.13.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.22. EZCORP had a return on equity of 13.45% and a net margin of 9.91%.The company had revenue of $434.90 million for the quarter. As a group, research analysts expect that EZCORP, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EZPW. Citizens Jmp raised their price target on EZCORP from $33.00 to $39.00 and gave the stock a “market outperform” rating in a research report on Monday, May 11th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective on shares of EZCORP in a research note on Friday, May 8th. Zacks Research raised EZCORP from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Weiss Ratings raised EZCORP from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen upgraded EZCORP from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $37.25.

EZCORP Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.