Redmont Wealth Advisors LLC Sells 22,238 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Redmont Wealth Advisors LLC lessened its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 41.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,517 shares of the credit services provider's stock after selling 22,238 shares during the quarter. EZCORP accounts for about 0.9% of Redmont Wealth Advisors LLC's holdings, making the stock its 24th biggest position. Redmont Wealth Advisors LLC owned approximately 0.06% of EZCORP worth $464,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC increased its stake in EZCORP by 18.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,002,197 shares of the credit services provider's stock valued at $24,467,000 after buying an additional 310,706 shares during the period. Divisadero Street Capital Management LP increased its stake in EZCORP by 1,699.2% in the 4th quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider's stock valued at $15,232,000 after buying an additional 1,177,166 shares during the period. Millennium Management LLC increased its stake in EZCORP by 23.9% in the 4th quarter. Millennium Management LLC now owns 1,195,784 shares of the credit services provider's stock valued at $14,612,000 after buying an additional 231,018 shares during the period. Two Sigma Advisers LP increased its stake in EZCORP by 1.3% in the 4th quarter. Two Sigma Advisers LP now owns 1,022,570 shares of the credit services provider's stock valued at $12,496,000 after buying an additional 12,800 shares during the period. Finally, Invenomic Capital Management LP increased its stake in EZCORP by 317.1% in the 4th quarter. Invenomic Capital Management LP now owns 789,768 shares of the credit services provider's stock valued at $9,651,000 after buying an additional 600,435 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

EZCORP Stock Up 1.2%

Shares of EZPW traded up $0.17 during mid-day trading on Friday, hitting $14.04. 377,022 shares of the company's stock were exchanged, compared to its average volume of 774,747. The firm has a fifty day moving average of $13.92 and a two-hundred day moving average of $13.72. EZCORP, Inc. has a twelve month low of $9.66 and a twelve month high of $16.60. The stock has a market cap of $772.07 million, a price-to-earnings ratio of 11.79 and a beta of 0.52. The company has a quick ratio of 3.25, a current ratio of 4.04 and a debt-to-equity ratio of 0.61.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $306.32 million during the quarter, compared to the consensus estimate of $310.35 million. EZCORP had a net margin of 7.45% and a return on equity of 11.53%. On average, sell-side analysts forecast that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on EZPW. Stephens reiterated an "equal weight" rating and issued a $17.00 price objective on shares of EZCORP in a research note on Tuesday, May 20th. Roth Capital set a $16.00 price target on shares of EZCORP in a research note on Monday, March 17th. Wall Street Zen upgraded shares of EZCORP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Roth Mkm assumed coverage on shares of EZCORP in a research note on Monday, March 17th. They set a "buy" rating and a $16.00 price target on the stock. Finally, BTIG Research assumed coverage on shares of EZCORP in a research note on Wednesday, May 14th. They set a "neutral" rating on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, EZCORP presently has an average rating of "Buy" and an average price target of $18.25.

Insider Activity

In related news, COO John Blair Jr. Powell sold 3,500 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $13.81, for a total transaction of $48,335.00. Following the completion of the sale, the chief operating officer directly owned 145,983 shares of the company's stock, valued at approximately $2,016,025.23. This represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 86,000 shares of company stock worth $1,220,010. 2.13% of the stock is currently owned by corporate insiders.

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.