Elevated Financial Group LLC Acquires New Position in EZCORP, Inc. $EZPW

Elevated Financial Group LLC acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,011 shares of the credit services provider’s stock, valued at approximately $369,000.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new position in shares of EZCORP in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of EZCORP in the 3rd quarter worth $29,000. Covestor Ltd grew its stake in shares of EZCORP by 239.3% during the third quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 1,924 shares during the period. Farther Finance Advisors LLC grew its stake in shares of EZCORP by 15,019.0% during the third quarter. Farther Finance Advisors LLC now owns 3,175 shares of the credit services provider’s stock worth $60,000 after purchasing an additional 3,154 shares during the period. Finally, CWM LLC increased its holdings in EZCORP by 126.3% in the third quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock valued at $65,000 after purchasing an additional 1,910 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EZPW. Canaccord Genuity Group increased their target price on EZCORP from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Weiss Ratings upgraded EZCORP from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, April 8th. Wall Street Zen cut EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Citizens Jmp lifted their price objective on shares of EZCORP from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Tuesday, January 20th. Finally, Citigroup restated an “outperform” rating on shares of EZCORP in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, EZCORP presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Get Our Latest Report on EZCORP

Insider Activity at EZCORP

In related news, Director Pablo Lagos Espinosa sold 20,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $25.00, for a total value of $500,000.00. Following the sale, the director directly owned 208,177 shares of the company’s stock, valued at approximately $5,204,425. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Nicole Swies sold 24,138 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $24.75, for a total transaction of $597,415.50. Following the completion of the transaction, the executive directly owned 115,266 shares of the company’s stock, valued at approximately $2,852,833.50. The trade was a 17.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 84,138 shares of company stock valued at $2,102,416. Corporate insiders own 2.13% of the company’s stock.

EZCORP Stock Up 0.4%

NASDAQ:EZPW opened at $31.86 on Friday. EZCORP, Inc. has a 1 year low of $12.85 and a 1 year high of $32.46. The stock has a 50-day moving average price of $26.96 and a two-hundred day moving average price of $22.42. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 20.42 and a beta of 0.52. The company has a current ratio of 6.03, a quick ratio of 4.69 and a debt-to-equity ratio of 0.48.

EZCORP (NASDAQ:EZPW – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. EZCORP had a return on equity of 12.37% and a net margin of 9.18%.The company had revenue of $374.50 million for the quarter, compared to analyst estimates of $363.63 million. As a group, equities analysts expect that EZCORP, Inc. will post 1.8 earnings per share for the current year.

About EZCORP

(Free Report)

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.

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