Redmont Wealth Advisors LLC Sells 10,836 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Redmont Wealth Advisors LLC cut its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,967 shares of the credit services provider’s stock after selling 10,836 shares during the period. EZCORP makes up 1.0% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Redmont Wealth Advisors LLC’s holdings in EZCORP were worth $627,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Salem Investment Counselors Inc. raised its position in shares of EZCORP by 33.5% in the first quarter. Salem Investment Counselors Inc. now owns 48,335 shares of the credit services provider’s stock valued at $548,000 after purchasing an additional 12,135 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in EZCORP by 63.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 4,451 shares during the period. Wasatch Advisors LP grew its holdings in EZCORP by 2.4% in the 1st quarter. Wasatch Advisors LP now owns 2,593,128 shares of the credit services provider’s stock valued at $29,380,000 after buying an additional 60,329 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in EZCORP in the 1st quarter worth approximately $270,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EZCORP by 169.8% during the first quarter. BNP Paribas Financial Markets now owns 261,337 shares of the credit services provider’s stock worth $2,961,000 after buying an additional 164,489 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Stock Performance

NASDAQ:EZPW opened at $11.80 on Friday. The firm’s 50-day moving average is $11.38 and its 200-day moving average is $10.79. The company has a market cap of $648.32 million, a price-to-earnings ratio of 11.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.59. EZCORP, Inc. has a 52-week low of $7.70 and a 52-week high of $12.23.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. EZCORP had a return on equity of 10.64% and a net margin of 6.87%. The firm had revenue of $281.42 million for the quarter, compared to analyst estimates of $281.69 million. Equities research analysts anticipate that EZCORP, Inc. will post 1.13 earnings per share for the current year.

About EZCORP

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.