EZCORP (NASDAQ:EZPW) Sets New 52-Week High – What’s Next?

Shares of EZCORP, Inc. (NASDAQ:EZPW) hit a new 52-week high during trading on Monday . The stock traded as high as $12.85 and last traded at $12.85, with a volume of 125 shares traded. The stock had previously closed at $12.80.

Analysts Set New Price Targets

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

EZCORP Stock Down 0.9 %

The firm has a 50 day simple moving average of $11.64 and a two-hundred day simple moving average of $11.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. The stock has a market cap of $691.22 million, a P/E ratio of 11.53 and a beta of 1.03.

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 shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the sale, the insider now directly owns 66,242 shares in the company, valued at $822,725.64. The trade was a 34.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

A number of large investors have recently added to or reduced their stakes in EZPW. Vanguard Group Inc. increased its stake in EZCORP by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 3,301,392 shares of the credit services provider’s stock worth $37,405,000 after purchasing an additional 34,821 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of EZCORP by 44.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock worth $15,292,000 after acquiring an additional 449,360 shares in the last quarter. State Street Corp raised its holdings in shares of EZCORP by 0.3% during the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock valued at $12,160,000 after acquiring an additional 2,809 shares during the period. Two Sigma Advisers LP lifted its position in shares of EZCORP by 25.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock valued at $11,320,000 after acquiring an additional 201,700 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of EZCORP in the 3rd quarter valued at approximately $8,372,000. 99.83% of the stock is currently owned by institutional investors.

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.