Redmont Wealth Advisors LLC Purchases Shares of 52,437 EZCORP, Inc. $EZPW

Redmont Wealth Advisors LLC purchased a new stake in EZCORP, Inc. (NASDAQ:EZPW) during the third quarter, Holdings Channel reports. The firm purchased 52,437 shares of the credit services provider’s stock, valued at approximately $998,000. EZCORP makes up approximately 1.4% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd lifted its position in EZCORP by 239.3% during the third quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock valued at $52,000 after acquiring an additional 1,924 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of EZCORP by 15,019.0% during the third quarter. Farther Finance Advisors LLC now owns 3,175 shares of the credit services provider’s stock worth $60,000 after purchasing an additional 3,154 shares in the last quarter. CWM LLC lifted its holdings in shares of EZCORP by 126.3% during the 3rd quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock valued at $65,000 after purchasing an additional 1,910 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of EZCORP by 913.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,216 shares of the credit services provider’s stock worth $79,000 after purchasing an additional 3,800 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of EZCORP by 178.1% in the 2nd quarter. State of Wyoming now owns 11,069 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 7,089 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of EZCORP in a research report on Tuesday, January 20th. Citizens Jmp upped their price objective on shares of EZCORP from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, January 20th. Roth Mkm reiterated a “buy” rating and issued a $26.00 target price on shares of EZCORP in a research note on Tuesday, January 6th. Canaccord Genuity Group set a $34.00 target price on shares of EZCORP in a research report on Friday, February 6th. Finally, Stephens raised their price target on shares of EZCORP from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Insider Buying and Selling

In other EZCORP news, Director Gary Tillett sold 10,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the director directly owned 143,483 shares of the company’s stock, valued at approximately $3,587,075. This trade represents a 6.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellen H. Bryant sold 20,000 shares of EZCORP stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $25.00, for a total value of $500,000.00. Following the transaction, the insider owned 147,786 shares of the company’s stock, valued at $3,694,650. The trade was a 11.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,138 shares of company stock valued at $1,347,416 over the last 90 days. Insiders own 2.13% of the company’s stock.

EZCORP Trading Up 1.4%

EZCORP stock opened at $25.13 on Thursday. The stock has a 50-day moving average price of $21.57 and a 200 day moving average price of $19.06. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.11 and a beta of 0.53. EZCORP, Inc. has a 52 week low of $12.85 and a 52 week high of $26.35. The company has a quick ratio of 4.69, a current ratio of 6.03 and a debt-to-equity ratio of 0.48.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $374.50 million during the quarter, compared to analyst estimates of $363.63 million. Sell-side analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current year.

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.