Connor Clark & Lunn Investment Management Ltd. Buys New Stake in EZCORP, Inc. (NASDAQ:EZPW)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in EZCORP, Inc. (NASDAQ:EZPW) in the third quarter, Holdings Channel reports. The institutional investor acquired 81,879 shares of the credit services provider’s stock, valued at approximately $918,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in EZCORP by 44.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock valued at $15,292,000 after buying an additional 449,360 shares in the last quarter. Boston Partners increased its holdings in EZCORP by 59.5% in the first quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock valued at $9,553,000 after buying an additional 314,435 shares in the last quarter. GSA Capital Partners LLP increased its holdings in EZCORP by 161.0% in the third quarter. GSA Capital Partners LLP now owns 132,972 shares of the credit services provider’s stock valued at $1,491,000 after buying an additional 82,025 shares in the last quarter. Fourth Sail Capital LP increased its holdings in EZCORP by 21.5% in the second quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock valued at $7,527,000 after buying an additional 127,070 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in EZCORP in the third quarter valued at $181,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Stock Up 0.9 %

EZPW stock opened at $12.65 on Thursday. EZCORP, Inc. has a 52 week low of $7.72 and a 52 week high of $12.85. The stock has a market capitalization of $688.98 million, a P/E ratio of 11.40 and a beta of 1.03. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $10.97.

Analyst Ratings Changes

A number of research firms have weighed in on EZPW. Stephens began coverage on shares of EZCORP in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 price objective for the company. Canaccord Genuity Group reissued a “buy” rating and set a $19.00 target price on shares of EZCORP in a research note on Friday, October 4th.

Insider Activity at EZCORP

In related news, insider Sunil Sajnani sold 34,493 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the completion of the sale, the insider now owns 66,242 shares of the company’s stock, valued at approximately $822,725.64. This represents a 34.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.13% of the stock is owned by corporate insiders.

EZCORP Company 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.