BNP Paribas Arbitrage SA Buys 6,853 Shares of EZCORP, Inc. (EZPW)
BNP Paribas Arbitrage SA boosted its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 41.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,439 shares of the credit services provider’s stock after purchasing an additional 6,853 shares during the period. BNP Paribas Arbitrage SA’s holdings in EZCORP were worth $180,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in EZCORP by 2.2% during the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 300 shares during the last quarter. Trexquant Investment LP acquired a new position in EZCORP during the second quarter valued at approximately $114,000. Oxford Asset Management acquired a new position in EZCORP during the first quarter valued at approximately $130,000. Algert Global LLC acquired a new position in EZCORP during the second quarter valued at approximately $124,000. Finally, Hartford Investment Management Co. acquired a new position in EZCORP during the second quarter valued at approximately $128,000. 89.43% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on EZPW shares. Jefferies Group LLC restated a “buy” rating on shares of EZCORP in a research note on Thursday, September 7th. Zacks Investment Research upgraded EZCORP from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, September 8th. BidaskClub lowered EZCORP from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Sidoti assumed coverage on EZCORP in a research note on Thursday, August 10th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.50.
Shares of EZCORP, Inc. (NASDAQ:EZPW) opened at 10.00 on Tuesday. The firm has a 50-day moving average price of $9.00 and a 200 day moving average price of $8.58. EZCORP, Inc. has a 1-year low of $7.55 and a 1-year high of $12.00. The company has a market cap of $542.96 million, a price-to-earnings ratio of 23.04 and a beta of 1.95.
EZCORP (NASDAQ:EZPW) last announced its earnings results on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The business had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. The business’s revenue was up 7.9% on a year-over-year basis. On average, analysts predict that EZCORP, Inc. will post $0.54 EPS for the current fiscal year.
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EZCORP Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & 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, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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