Jason Kulas Sells 20,000 Shares of EZCORP (NASDAQ:EZPW) Stock

EZCORP, Inc. (NASDAQ:EZPW) Director Jason Kulas sold 20,000 shares of EZCORP stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.56, for a total value of $671,200.00. Following the transaction, the director owned 172,948 shares of the company’s stock, valued at approximately $5,804,134.88. This represents a 10.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

EZCORP Stock Performance

EZPW stock traded down $0.60 during trading on Wednesday, hitting $32.97. 152,142 shares of the company traded hands, compared to its average volume of 870,609. The stock’s 50-day simple moving average is $28.49 and its 200 day simple moving average is $23.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.71 and a quick ratio of 3.52. The company has a market cap of $2.03 billion, a PE ratio of 17.97 and a beta of 0.65. EZCORP, Inc. has a 1 year low of $12.85 and a 1 year high of $37.13.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.22. The company had revenue of $434.90 million during the quarter. EZCORP had a return on equity of 13.45% and a net margin of 9.91%. On average, equities analysts expect that EZCORP, Inc. will post 2 earnings per share for the current fiscal year.

Institutional Trading of EZCORP

Large investors have recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new stake in shares of EZCORP during the fourth quarter worth approximately $25,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of EZCORP during the third quarter worth approximately $29,000. KBC Group NV purchased a new stake in shares of EZCORP during the first quarter worth approximately $44,000. Deutsche Bank AG increased its position in shares of EZCORP by 533.5% during the fourth quarter. Deutsche Bank AG now owns 2,667 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 2,246 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of EZCORP by 239.3% during the third quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 1,924 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EZPW has been the subject of several recent research reports. Roth Mkm reiterated a “buy” rating and set a $40.00 price target on shares of EZCORP in a research report on Friday. Citigroup restated an “outperform” rating on shares of EZCORP in a research report on Monday. Stephens boosted their price objective on EZCORP from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Canaccord Genuity Group set a $44.00 price objective on EZCORP in a research report on Friday. Finally, Citizens Jmp boosted their price objective on EZCORP from $33.00 to $39.00 and gave the company a “market outperform” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $37.25.

EZCORP Company Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.