Arizona State Retirement System Purchases New Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Arizona State Retirement System bought a new position in EZCORP, Inc. (NASDAQ:EZPW – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,148 shares of the credit services provider’s stock, valued at approximately $123,000.

A number of other large investors have also bought and sold shares of the company. Legal & General Group Plc increased its position in EZCORP by 1.2% in the second quarter. Legal & General Group Plc now owns 110,634 shares of the credit services provider’s stock worth $831,000 after buying an additional 1,350 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in EZCORP by 18.5% during the third quarter. Mutual of America Capital Management LLC now owns 10,681 shares of the credit services provider’s stock valued at $82,000 after buying an additional 1,665 shares during the period. LPL Financial LLC boosted its stake in EZCORP by 1.6% during the fourth quarter. LPL Financial LLC now owns 111,380 shares of the credit services provider’s stock valued at $908,000 after buying an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in EZCORP by 36.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,893 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 1,835 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in EZCORP by 25.1% during the first quarter. Royal Bank of Canada now owns 9,365 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 1,881 shares during the last quarter. 89.75% of the stock is owned by hedge funds and other institutional investors.

EZCORP Stock Performance

Shares of EZPW stock opened at $8.48 on Friday. EZCORP, Inc. has a 52-week low of $7.05 and a 52-week high of $10.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.69 and a current ratio of 4.72. The firm has a market capitalization of $469.94 million, a PE ratio of 20.68, a PEG ratio of 0.29 and a beta of 1.23. The stock has a fifty day simple moving average of $8.71 and a two-hundred day simple moving average of $8.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TheStreet upgraded EZCORP from a “c” rating to a “b-” rating in a report on Monday, February 6th. StockNews.com initiated coverage on EZCORP in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Canaccord Genuity Group upped their price objective on EZCORP from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, February 3rd.

EZCORP Company Profile

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EZCORP, Inc engages in the provision of pawn loans in the United States and Latin America. The firm’s geographical segments include U.S. Pawn, Latin America Pawn, and Other Investments. The U.S. Pawn segment includes EZPAWN, Value Pawn and Jewelry, and other branded pawn operations in the United States.