Cornerstone Investment Partners LLC Buys New Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Cornerstone Investment Partners LLC purchased a new position in shares of EZCORP, Inc. (NASDAQ:EZPW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,124 shares of the credit services provider’s stock, valued at approximately $158,000.

Other large investors also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of EZCORP during the 1st quarter worth $26,000. Tower Research Capital LLC TRC lifted its holdings in EZCORP by 128.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,418 shares of the credit services provider’s stock worth $27,000 after buying an additional 1,924 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of EZCORP by 3,041.0% during the 1st quarter. Belpointe Asset Management LLC now owns 3,675 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 3,558 shares in the last quarter. Fortis Capital Advisors LLC increased its holdings in shares of EZCORP by 3,041.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,675 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 3,558 shares during the last quarter. Finally, UBS Group AG raised its position in shares of EZCORP by 2,053.5% during the 3rd quarter. UBS Group AG now owns 4,307 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 4,107 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CRO Nicole Swies sold 2,250 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.38, for a total transaction of $25,605.00. Following the completion of the sale, the executive now owns 71,458 shares in the company, valued at $813,192.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.13% of the company’s stock.

EZCORP Trading Up 2.2 %

EZPW opened at $11.20 on Friday. The company has a quick ratio of 3.08, a current ratio of 4.00 and a debt-to-equity ratio of 0.42. EZCORP, Inc. has a 52 week low of $7.70 and a 52 week high of $11.40. The business’s 50 day moving average is $10.74 and its two-hundred day moving average is $9.32. The firm has a market cap of $617.68 million, a price-to-earnings ratio of 17.78 and a beta of 1.15.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. EZCORP had a net margin of 4.62% and a return on equity of 10.37%. The firm had revenue of $299.99 million during the quarter, compared to the consensus estimate of $303.66 million. On average, research analysts predict that EZCORP, Inc. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EZPW. Canaccord Genuity Group upped their price target on EZCORP from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 29th. Finally, TheStreet upgraded shares of EZCORP from a “c+” rating to a “b-” rating in a research note on Thursday, February 15th.

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.