EZCORP (NASDAQ:EZPW) Sees Unusually-High Trading Volume – What’s Next?

EZCORP, Inc. (NASDAQ:EZPW) saw an uptick in trading volume on Tuesday . 151,495 shares changed hands during mid-day trading, a decline of 58% from the previous session’s volume of 359,931 shares.The stock last traded at $12.26 and had previously closed at $12.17.

Analyst Ratings Changes

Several research firms have issued reports on EZPW. Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 target price on shares of EZCORP in a research note on Friday, October 4th. Stephens initiated coverage on shares of EZCORP in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price on the stock.

EZCORP Stock Performance

The company’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $11.44. 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 $670.46 million, a PE ratio of 11.09 and a beta of 1.03.

Insider Activity

In related news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the transaction, the insider now owns 66,242 shares of the company’s stock, valued at approximately $822,725.64. This trade represents a 34.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Nicole Swies sold 10,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,269,608.11. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EZCORP

Large investors have recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in EZCORP in the 3rd quarter worth $32,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 1,554 shares during the last quarter. Quarry LP grew its holdings in EZCORP by 169.1% in the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 2,976 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in EZCORP in the 3rd quarter worth $106,000. Finally, nVerses Capital LLC lifted its position in shares of EZCORP by 640.0% in the 3rd quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after purchasing an additional 9,600 shares during the period. Institutional investors own 99.83% of the company’s stock.

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.