Mangrove Partners Buys New Stake in EZCORP Inc (NASDAQ:EZPW)

Mangrove Partners acquired a new stake in shares of EZCORP Inc (NASDAQ:EZPW) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 340,671 shares of the credit services provider’s stock, valued at approximately $3,236,000. EZCORP comprises 0.6% of Mangrove Partners’ holdings, making the stock its 22nd largest position. Mangrove Partners owned about 0.63% of EZCORP at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of EZCORP by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,309,470 shares of the credit services provider’s stock valued at $40,941,000 after buying an additional 272,095 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of EZCORP by 4.8% during 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 buying an additional 168,983 shares during the last quarter. Rovida Advisors Inc. raised its stake in shares of EZCORP by 3.3% during the 3rd quarter. Rovida Advisors Inc. now owns 3,175,000 shares of the credit services provider’s stock valued at $30,163,000 after buying an additional 100,000 shares during the last quarter. Huber Capital Management LLC raised its stake in shares of EZCORP by 46.2% during 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 buying an additional 715,233 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of EZCORP by 25.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,045,860 shares of the credit services provider’s stock valued at $20,970,000 after buying an additional 411,457 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

A number of equities research analysts have recently commented on the company. ValuEngine upgraded EZCORP from a “hold” rating to a “buy” rating in a research report on Sunday. Jefferies Group restated a “buy” rating and set a $13.00 target price on shares of EZCORP in a research report on Friday, November 17th. Finally, Zacks Investment Research upgraded EZCORP from a “sell” rating to a “hold” rating and set a $13.00 target price on the stock in a research report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.33.

EZCORP Inc (EZPW) traded down $0.10 on Tuesday, reaching $12.10. 403,417 shares of the company’s stock were exchanged, compared to its average volume of 594,017. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.01 and a quick ratio of 5.88. EZCORP Inc has a twelve month low of $7.55 and a twelve month high of $12.50. The stock has a market cap of $658.22, a price-to-earnings ratio of 19.52 and a beta of 1.97.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, November 15th. The credit services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $182.07 million for the quarter, compared to analyst estimates of $188.84 million. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted ($0.31) EPS. sell-side analysts forecast that EZCORP Inc will post 0.8 EPS for the current 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.

Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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