EZCORP, Inc. (NASDAQ:EZPW) Stake Lessened by Kanen Wealth Management LLC

Kanen Wealth Management LLC trimmed its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,201,347 shares of the credit services provider’s stock after selling 433,127 shares during the quarter. EZCORP makes up approximately 10.0% of Kanen Wealth Management LLC’s holdings, making the stock its 3rd largest position. Kanen Wealth Management LLC owned 4.04% of EZCORP worth $26,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EZPW. Point72 Asset Management L.P. boosted its stake in EZCORP by 4.1% during the second quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider’s stock worth $342,000 after acquiring an additional 1,299 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,554 shares during the last quarter. Aigen Investment Management LP grew its stake in shares of EZCORP by 16.5% in the 3rd quarter. Aigen Investment Management LP now owns 17,712 shares of the credit services provider’s stock worth $199,000 after buying an additional 2,508 shares during the last quarter. State Street Corp increased its position in EZCORP by 0.3% during the 3rd 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 in the last quarter. Finally, USA Financial Formulas purchased a new position in EZCORP during the third quarter valued at $32,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stephens initiated coverage on shares of EZCORP in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and set a $19.00 price objective on shares of EZCORP in a research report on Friday, October 4th.

EZCORP Stock Performance

EZPW opened at $12.30 on Monday. EZCORP, Inc. has a 12-month low of $8.20 and a 12-month high of $12.85. The company has a market cap of $669.98 million, a price-to-earnings ratio of 11.08 and a beta of 1.03. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $12.17 and its 200 day moving average is $11.49.

Insider Transactions at EZCORP

In related news, insider Sunil Sajnani sold 34,493 shares of the business’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 transaction of $428,403.06. Following the completion of the transaction, the insider now directly owns 66,242 shares in the company, valued at approximately $822,725.64. The trade was a 34.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Nicole Swies sold 10,000 shares of the 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 $1,269,608.11. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company’s stock.

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.