Manatuck Hill Partners LLC Has $231,000 Position in EZCORP, Inc. (EZPW)
Manatuck Hill Partners LLC continued to hold its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the credit services provider’s stock at the close of the 2nd quarter. Manatuck Hill Partners LLC owned about 0.06% of EZCORP worth $231,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in EZPW. Archon Capital Management LLC purchased a new position in shares of EZCORP during the 2nd quarter worth about $5,725,000. Huber Capital Management LLC lifted its stake in EZCORP by 46.2% in the second quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock worth $17,420,000 after purchasing an additional 715,233 shares during the last quarter. Rovida Advisors Inc. lifted its stake in EZCORP by 20.8% in the second quarter. Rovida Advisors Inc. now owns 3,075,000 shares of the credit services provider’s stock worth $23,524,000 after purchasing an additional 528,591 shares during the last quarter. Lafitte Capital Management LP lifted its stake in EZCORP by 8.4% in the first quarter. Lafitte Capital Management LP now owns 3,540,000 shares of the credit services provider’s stock worth $28,851,000 after purchasing an additional 275,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in EZCORP by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,037,375 shares of the credit services provider’s stock worth $31,088,000 after purchasing an additional 253,768 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.
EZPW has been the subject of several recent analyst reports. Jefferies Group LLC upgraded EZCORP from a “hold” rating to a “buy” rating and set a $10.50 target price for the company in a research report on Friday, August 4th. Zacks Investment Research cut EZCORP from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Sidoti initiated coverage on EZCORP in a research report on Thursday, August 10th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. EZCORP has a consensus rating of “Hold” and an average price target of $9.50.
EZCORP, Inc. (EZPW) traded down 2.835% on Tuesday, reaching $9.425. The company’s stock had a trading volume of 221,500 shares. The company has a 50 day moving average of $9.29 and a 200 day moving average of $8.68. EZCORP, Inc. has a 52 week low of $7.55 and a 52 week high of $12.00. The firm has a market capitalization of $511.74 million, a price-to-earnings ratio of 21.717 and a beta of 1.96.
EZCORP (NASDAQ:EZPW) last posted its earnings results on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The company had revenue of $183.60 million during the quarter, compared to analyst estimates of $182.10 million. The company’s revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that EZCORP, Inc. will post $0.54 earnings per share for the current year.
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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