Redmont Wealth Advisors LLC Reduces Stock Holdings in EZCORP, Inc. (NASDAQ:EZPW)

Redmont Wealth Advisors LLC cut its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,755 shares of the credit services provider’s stock after selling 2,212 shares during the quarter. EZCORP comprises approximately 1.1% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Redmont Wealth Advisors LLC owned 0.10% of EZCORP worth $657,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of EZCORP in the third quarter worth about $32,000. GAMMA Investing LLC boosted its position in shares of EZCORP by 97.0% during the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 1,554 shares during the period. Quarry LP increased its stake in EZCORP by 169.1% during the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,976 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in EZCORP during the 3rd quarter worth $106,000. Finally, nVerses Capital LLC raised its stake in EZCORP by 640.0% in the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after buying an additional 9,600 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EZCORP

In related news, CRO Nicole Swies sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $12.47, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $822,725.64. The trade was a 34.24 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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. Stephens assumed coverage on EZCORP in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 price target on the stock.

EZCORP Stock Down 0.6 %

NASDAQ:EZPW opened at $12.40 on Thursday. The business’s fifty day moving average price is $12.20 and its 200 day moving average price is $11.53. EZCORP, Inc. has a 1-year low of $8.20 and a 1-year high of $12.85. The firm has a market capitalization of $675.43 million, a price-to-earnings ratio of 11.17 and a beta of 1.03. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28.

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.