Boston Partners Increases Stake in EZCORP, Inc. (NASDAQ:EZPW)

Boston Partners lifted its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 59.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 843,105 shares of the credit services provider’s stock after purchasing an additional 314,435 shares during the quarter. Boston Partners’ holdings in EZCORP were worth $9,553,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in EZCORP by 63.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock valued at $129,000 after buying an additional 4,451 shares during the period. Cornerstone Investment Partners LLC purchased a new position in shares of EZCORP in the 4th quarter valued at about $158,000. Louisiana State Employees Retirement System acquired a new position in EZCORP in the 4th quarter worth about $228,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in EZCORP during the first quarter worth approximately $270,000. Finally, Quantbot Technologies LP grew its holdings in EZCORP by 82.4% in the first quarter. Quantbot Technologies LP now owns 26,781 shares of the credit services provider’s stock valued at $303,000 after purchasing an additional 12,097 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EZCORP

In related news, Director Matthew W. Appel sold 26,490 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $10.32, for a total transaction of $273,376.80. Following the completion of the sale, the director now owns 138,684 shares of the company’s stock, valued at approximately $1,431,218.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.13% of the company’s stock.

EZCORP Price Performance

Shares of EZPW stock traded up $0.58 on Friday, reaching $11.07. 947,614 shares of the company were exchanged, compared to its average volume of 466,052. The company has a market cap of $608.19 million, a price-to-earnings ratio of 10.64 and a beta of 1.04. EZCORP, Inc. has a 1 year low of $7.70 and a 1 year high of $11.52. The business has a 50-day moving average price of $10.24 and a 200 day moving average price of $10.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.23 and a current ratio of 2.59.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. EZCORP had a return on equity of 10.64% and a net margin of 6.87%. The business had revenue of $285.64 million for the quarter, compared to the consensus estimate of $287.59 million. During the same quarter last year, the business posted $0.23 earnings per share. Equities research analysts forecast that EZCORP, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on EZCORP from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 3rd.

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.