EZCORP, Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “

A number of other analysts have also recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and set a $12.00 target price (up previously from $10.50) on shares of EZCORP in a research report on Tuesday. Sidoti began coverage on EZCORP in a research report on Thursday, August 10th. They set a “neutral” rating on the stock. Finally, BidaskClub upgraded EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Shares of EZCORP (EZPW) traded down 2.53% on Thursday, reaching $9.65. The company had a trading volume of 314,568 shares. The company has a 50 day moving average of $9.46 and a 200-day moving average of $8.76. The company has a market capitalization of $523.96 million, a P/E ratio of 22.24 and a beta of 1.96. EZCORP has a 52 week low of $7.55 and a 52 week high of $12.00.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The firm had revenue of $183.60 million for the quarter, compared to analyst estimates of $182.10 million. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that EZCORP will post $0.53 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of EZCORP by 6.7% during 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 in the last quarter. Vanguard Group Inc. increased its position in EZCORP by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,725,298 shares of the credit services provider’s stock valued at $28,684,000 after acquiring an additional 168,983 shares during the period. Lafitte Capital Management LP increased its position in 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. Rovida Advisors Inc. increased its position in EZCORP by 20.8% in the 2nd quarter. Rovida Advisors Inc. now owns 3,075,000 shares of the credit services provider’s stock valued at $23,524,000 after acquiring an additional 528,591 shares during the period. Finally, Huber Capital Management LLC increased its position in EZCORP by 46.2% in the 2nd quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock valued at $17,420,000 after acquiring an additional 715,233 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

About EZCORP

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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