In a recent move within EZCorp Inc (NASDAQ:EZPW), director Matthew W. Appel has sold a notable amount of company stock, totaling approximately $273,337. The transaction was executed with an average price of $10.3185 per share.
On May 15, 2024, Appel offloaded 26,490 shares of EZCorp's Class A Non-Voting Common Stock. Following this transaction, the director's holdings in the company decreased, yet he still retains 138,684 shares directly. The average execution price for this sale, as noted in the accompanying footnotes of the filing, was $10.3185.
EZCorp, a company with a primary classification in the retail-miscellaneous retail sector, has seen its shares actively traded under the ticker symbol EZPW. The transaction details come directly from the latest Form 4 filing with the Securities and Exchange Commission, dated May 16, 2024.
Investors often monitor such filings to get insights into the actions of a company's directors and executives, as these can be indicative of their confidence in the firm's prospects. The sale by director Appel represents a substantial transfer of stock, and as such, it may be of interest to current and potential shareholders.
The firm's business address is located at 2500 Bee Cave Road, Building 1, Suite 200, Rollingwood, TX, with a business phone number listed as 512-314-3325 for any inquiries.
InvestingPro Insights
In light of the recent stock sale by EZCorp Inc director Matthew W. Appel, investors might be curious about the company's financial health and future prospects. According to InvestingPro data, EZCorp boasts a market capitalization of $560.96 million, with a P/E ratio that stands at an attractive 7.23. This low earnings multiple suggests that the stock could be undervalued relative to its earnings power.
The company's revenue growth is also noteworthy, with a 14.4% increase over the last twelve months as of Q2 2024, reflecting a solid upward trajectory in its business operations. Additionally, EZCorp's gross profit margin during the same period is robust at 58.31%, indicating efficient control over its cost of goods sold and strong profitability.
InvestingPro Tips highlight several positive indicators for EZCorp. Analysts have revised their earnings estimates upwards for the upcoming period, hinting at a potentially brighter financial future. Moreover, the company's liquid assets exceed its short-term obligations, providing financial stability and flexibility. Notably, analysts predict that EZCorp will be profitable this year, which is supported by the fact that the company has been profitable over the last twelve months. However, it's important to note that EZCorp does not pay a dividend, which could be a factor for income-focused investors to consider.
For those interested in a deeper dive into EZCorp's financials and additional insights, InvestingPro offers more tips on their platform. There are currently 7 additional InvestingPro Tips available for EZCorp, which can be accessed by visiting https://www.investing.com/pro/EZPW. To enhance your investing strategy, use coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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