Salem Investment Counselors Inc. Lowers Stake in EZCORP, Inc. (NASDAQ:EZPW)

Salem Investment Counselors Inc. lessened its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,225 shares of the credit services provider’s stock after selling 11,110 shares during the period. Salem Investment Counselors Inc. owned about 0.07% of EZCORP worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in shares of EZCORP in the third quarter valued at approximately $32,000. GAMMA Investing LLC increased its holdings in EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 1,554 shares in the last quarter. Quarry LP raised its position in EZCORP by 169.1% during the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 2,976 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in EZCORP during the third quarter valued at $106,000. Finally, nVerses Capital LLC grew its position in shares of EZCORP by 640.0% in the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 9,600 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Stock Performance

NASDAQ:EZPW opened at $12.17 on Tuesday. EZCORP, Inc. has a twelve month low of $8.20 and a twelve month high of $12.85. The company has a market cap of $662.84 million, a P/E ratio of 10.96 and a beta of 1.03. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $12.11 and its 200-day moving average price is $11.43.

Analyst Ratings Changes

EZPW has been the topic of a number of research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 price target on shares of EZCORP in a research note on Friday, October 4th. Stephens started coverage on EZCORP in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price on the stock.

Insiders Place Their Bets

In related news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total value of $428,403.06. Following the completion of the transaction, the insider now directly owns 66,242 shares in the company, valued at approximately $822,725.64. This represents a 34.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Nicole Swies sold 10,000 shares of EZCORP stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the executive now owns 101,813 shares in the company, valued at $1,269,608.11. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company’s stock.

EZCORP Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.