Principal Financial Group Inc. Sells 10,821 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Principal Financial Group Inc. decreased its position in EZCORP, Inc. (NASDAQ:EZPW) by 4.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 240,449 shares of the credit services provider’s stock after selling 10,821 shares during the period. Principal Financial Group Inc.’s holdings in EZCORP were worth $2,695,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of EZPW. Natixis Advisors LLC bought a new stake in shares of EZCORP in the second quarter worth $265,000. Quest Partners LLC increased its stake in EZCORP by 81.7% in the 2nd quarter. Quest Partners LLC now owns 81,146 shares of the credit services provider’s stock valued at $850,000 after buying an additional 36,495 shares during the last quarter. ClariVest Asset Management LLC lifted its position in EZCORP by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 102,868 shares of the credit services provider’s stock worth $1,077,000 after buying an additional 2,876 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of EZCORP by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock worth $5,922,000 after buying an additional 216,480 shares during the last quarter. Finally, Fourth Sail Capital LP grew its holdings in shares of EZCORP by 21.5% in the 2nd quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock valued at $7,527,000 after acquiring an additional 127,070 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Stock Performance

Shares of EZPW stock opened at $12.12 on Friday. The company has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $11.35. EZCORP, Inc. has a one year low of $8.20 and a one year high of $12.85. The stock has a market cap of $660.12 million, a P/E ratio of 10.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99.

Wall Street Analysts Forecast Growth

EZPW has been the topic of a number of recent research reports. Stephens assumed 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. Canaccord Genuity Group reaffirmed a “buy” rating and set a $19.00 price target on shares of EZCORP in a research report on Friday, October 4th.

Insider Activity

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total transaction of $428,403.06. Following the transaction, the insider now owns 66,242 shares of the company’s stock, valued at $822,725.64. The trade was a 34.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Nicole Swies sold 10,000 shares of the company’s stock in a transaction that occurred 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. 2.13% of the stock is owned by insiders.

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.