Hartford Investment Management Co. Acquires Shares of 16,600 EZCORP, Inc. (NASDAQ:EZPW)

Hartford Investment Management Co. bought a new stake in shares of EZCORP, Inc. (NASDAQ:EZPW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,600 shares of the credit services provider’s stock, valued at approximately $128,000.

A number of other large investors have also recently made changes to their positions in EZPW. Wellington Management Group LLP increased its stake in shares of EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after buying an additional 300 shares during the period. Oxford Asset Management purchased a new stake in shares of EZCORP during the first quarter valued at $130,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of EZCORP by 833.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,800 shares of the credit services provider’s stock valued at $137,000 after buying an additional 15,000 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of EZCORP during the first quarter valued at $153,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of EZCORP by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the credit services provider’s stock valued at $162,000 after buying an additional 400 shares during the period. Institutional investors own 87.37% of the company’s stock.

EZCORP, Inc. (NASDAQ EZPW) traded up 0.57% on Friday, reaching $8.80. 558,383 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $8.21 and a 200-day moving average price of $8.61. EZCORP, Inc. has a 1-year low of $7.55 and a 1-year high of $12.00. The company has a market capitalization of $477.80 million, a P/E ratio of 20.28 and a beta of 1.98.

EZCORP (NASDAQ:EZPW) last released its earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $182.10 million. The business’s revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that EZCORP, Inc. will post $0.53 earnings per share for the current year.

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Several brokerages have weighed in on EZPW. Sidoti began coverage on shares of EZCORP in a research note on Thursday, August 10th. They issued a “neutral” rating for the company. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Monday, August 7th. Jefferies Group LLC upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.50 price objective for the company in a research note on Friday, August 4th. Finally, TheStreet upgraded shares of EZCORP from a “d+” rating to a “c-” rating in a research note on Friday, May 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. EZCORP currently has an average rating of “Hold” and a consensus price target of $9.42.

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.

Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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