52,437 Shares in EZCORP, Inc. $EZPW Purchased by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC purchased a new stake in shares of EZCORP, Inc. (NASDAQ:EZPW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 52,437 shares of the credit services provider’s stock, valued at approximately $998,000. EZCORP comprises about 1.4% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Redmont Wealth Advisors LLC owned about 0.09% of EZCORP as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of EZCORP by 11.4% during the third quarter. Vanguard Group Inc. now owns 3,610,029 shares of the credit services provider’s stock valued at $68,735,000 after buying an additional 369,817 shares during the period. Wasatch Advisors LP lifted its stake in shares of EZCORP by 5.4% during the 2nd quarter. Wasatch Advisors LP now owns 2,321,138 shares of the credit services provider’s stock worth $32,217,000 after acquiring an additional 118,641 shares during the last quarter. Fourth Sail Capital LP boosted its holdings in EZCORP by 30.7% during the 2nd quarter. Fourth Sail Capital LP now owns 1,251,362 shares of the credit services provider’s stock valued at $17,369,000 after acquiring an additional 294,100 shares during the period. Qube Research & Technologies Ltd grew its position in EZCORP by 70.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,063,677 shares of the credit services provider’s stock valued at $14,764,000 after acquiring an additional 438,542 shares during the last quarter. Finally, Cerity Partners LLC grew its position in EZCORP by 20.5% in the 2nd quarter. Cerity Partners LLC now owns 680,067 shares of the credit services provider’s stock valued at $9,439,000 after acquiring an additional 115,512 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Ellen H. Bryant sold 20,000 shares of EZCORP stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $25.00, for a total value of $500,000.00. Following the transaction, the insider directly owned 147,786 shares in the company, valued at approximately $3,694,650. This trade represents a 11.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Nicole Swies sold 24,138 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $24.75, for a total value of $597,415.50. Following the completion of the transaction, the executive directly owned 115,266 shares of the company’s stock, valued at approximately $2,852,833.50. The trade was a 17.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,138 shares of company stock valued at $1,347,416 over the last 90 days. Corporate insiders own 2.13% of the company’s stock.

EZCORP Stock Up 1.4%

NASDAQ:EZPW opened at $25.13 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.03 and a quick ratio of 4.69. EZCORP, Inc. has a 1-year low of $12.85 and a 1-year high of $26.35. The company has a 50-day moving average of $21.57 and a 200 day moving average of $19.06. The firm has a market cap of $1.55 billion, a PE ratio of 16.11 and a beta of 0.53.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, February 4th. The credit services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. EZCORP had a net margin of 9.18% and a return on equity of 12.37%. The business had revenue of $374.50 million for the quarter, compared to the consensus estimate of $363.63 million. As a group, research analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

EZPW has been the subject of a number of recent analyst reports. Roth Mkm reissued a “buy” rating and set a $26.00 target price on shares of EZCORP in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of EZCORP from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Zacks Research raised shares of EZCORP from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Canaccord Genuity Group set a $34.00 target price on shares of EZCORP in a research report on Friday, February 6th. Finally, Citizens Jmp lifted their price target on shares of EZCORP from $23.00 to $26.00 and gave the company a “market outperform” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, EZCORP has a consensus rating of “Moderate Buy” and an average price target of $28.00.

EZCORP Company Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.