Invenomic Capital Management LP Purchases New Stake in EZCORP, Inc. (NASDAQ:EZPW)

Invenomic Capital Management LP acquired a new position in shares of EZCORP, Inc. (NASDAQ:EZPW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 189,333 shares of the credit services provider’s stock, valued at approximately $2,122,000. Invenomic Capital Management LP owned about 0.35% of EZCORP at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of EZCORP in the 3rd quarter worth about $32,000. Quarry LP raised its stake in shares of EZCORP by 169.1% in the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC bought a new position in shares of EZCORP in the second quarter valued at approximately $71,000. Allspring Global Investments Holdings LLC purchased a new position in shares of EZCORP during the third quarter valued at approximately $106,000. Finally, nVerses Capital LLC grew its holdings in EZCORP by 640.0% during the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after buying an additional 9,600 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Activity

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.13% of the company’s stock.

EZCORP Stock Performance

Shares of EZPW opened at $12.57 on Wednesday. The stock has a 50 day moving average of $11.71 and a 200 day moving average of $11.06. The company has a market capitalization of $684.69 million, a price-to-earnings ratio of 11.32 and a beta of 1.05. EZCORP, Inc. has a 12 month low of $8.20 and a 12 month high of $12.85. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

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

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.