Bank of New York Mellon Corp Has $4.55 Million Stake in EZCORP, Inc. (EZPW)
Bank of New York Mellon Corp lessened its position in EZCORP, Inc. (NASDAQ:EZPW) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 591,362 shares of the credit services provider’s stock after selling 928 shares during the period. Bank of New York Mellon Corp owned about 1.09% of EZCORP worth $4,553,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in EZPW. Lafitte Capital Management LP grew its position in shares of EZCORP by 8.4% in the 1st quarter. Lafitte Capital Management LP now owns 3,540,000 shares of the credit services provider’s stock valued at $28,851,000 after acquiring an additional 275,127 shares during the period. Dimensional Fund Advisors LP grew its position in shares of EZCORP by 6.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,783,607 shares of the credit services provider’s stock valued at $30,836,000 after acquiring an additional 237,958 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of EZCORP by 1,984.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 228,870 shares of the credit services provider’s stock valued at $1,762,000 after acquiring an additional 217,890 shares during the period. Vanguard Group Inc. grew its position in shares of EZCORP by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 3,556,315 shares of the credit services provider’s stock valued at $28,984,000 after acquiring an additional 211,793 shares during the period. Finally, James Investment Research Inc. bought a new position in shares of EZCORP in the 2nd quarter valued at about $1,273,000. 89.43% of the stock is owned by institutional investors.
Shares of EZCORP, Inc. (NASDAQ:EZPW) opened at 9.50 on Friday. The company’s 50 day moving average is $9.32 and its 200 day moving average is $8.70. The company has a market cap of $515.81 million, a P/E ratio of 21.89 and a beta of 1.96. EZCORP, Inc. has a one year low of $7.55 and a one year high of $12.00.
EZCORP (NASDAQ:EZPW) last posted its quarterly 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). The company had revenue of $183.60 million for the quarter, compared to the consensus estimate of $182.10 million. EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that EZCORP, Inc. will post $0.53 earnings per share for the current year.
A number of brokerages have recently commented on EZPW. Zacks Investment Research downgraded shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC reissued a “buy” rating on shares of EZCORP in a research report on Thursday, September 7th. Sidoti began coverage on shares of EZCORP in a research report on Thursday, August 10th. They issued a “neutral” rating for the company. Finally, BidaskClub raised shares of EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. EZCORP currently has an average rating of “Hold” and a consensus target price of $9.50.
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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