IMS Capital Management reduced its position in Ezcorp Inc. (NASDAQ:EZPW) by 42.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,446 shares of the company’s stock after selling 30,200 shares during the period. IMS Capital Management’s holdings in Ezcorp were worth $306,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in EZPW. Chicago Equity Partners LLC purchased a new stake in shares of Ezcorp during the second quarter worth about $1,692,000. Smith Asset Management Group LP purchased a new stake in shares of Ezcorp during the second quarter worth about $441,000. Sigma Planning Corp raised its stake in shares of Ezcorp by 35.5% in the second quarter. Sigma Planning Corp now owns 19,845 shares of the company’s stock worth $150,000 after buying an additional 5,200 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Ezcorp during the second quarter worth about $1,303,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Ezcorp by 70.6% in the second quarter. BNP Paribas Arbitrage SA now owns 16,631 shares of the company’s stock worth $126,000 after buying an additional 6,885 shares during the period. 79.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ezcorp Inc. (NASDAQ:EZPW) traded down 2.25% on Friday, reaching $9.99. 475,042 shares of the company were exchanged. Ezcorp Inc. has a 52 week low of $2.44 and a 52 week high of $11.33. The company’s market capitalization is $539.27 million. The company’s 50-day moving average is $10.46 and its 200-day moving average is $8.29.
Ezcorp (NASDAQ:EZPW) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. On average, equities analysts expect that Ezcorp Inc. will post ($1.57) EPS for the current fiscal year.
A number of brokerages have recently weighed in on EZPW. Zacks Investment Research lowered shares of Ezcorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Jefferies Group reaffirmed a “hold” rating and set a $9.00 target price on shares of Ezcorp in a research note on Thursday, August 4th. CL King raised shares of Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 target price on the stock in a research note on Wednesday, August 17th. Finally, Wells Fargo & Co. raised shares of Ezcorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.08.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.