Redmont Wealth Advisors LLC Sells 2,212 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Redmont Wealth Advisors LLC reduced its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 4.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,755 shares of the credit services provider’s stock after selling 2,212 shares during the quarter. EZCORP comprises 1.1% of Redmont Wealth Advisors LLC’s holdings, making the stock its 22nd biggest holding. Redmont Wealth Advisors LLC’s holdings in EZCORP were worth $657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EZPW. American Century Companies Inc. boosted its holdings in EZCORP by 62.0% in the 2nd quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock valued at $5,922,000 after purchasing an additional 216,480 shares during the period. Hsbc Holdings PLC boosted its holdings in EZCORP by 26.5% in the second quarter. Hsbc Holdings PLC now owns 100,793 shares of the credit services provider’s stock valued at $1,044,000 after acquiring an additional 21,123 shares during the last quarter. Sei Investments Co. lifted its holdings in EZCORP by 108.0% in the second quarter. Sei Investments Co. now owns 62,672 shares of the credit services provider’s stock valued at $656,000 after buying an additional 32,537 shares during the period. Public Sector Pension Investment Board grew its holdings in EZCORP by 5.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 114,311 shares of the credit services provider’s stock worth $1,197,000 after acquiring an additional 6,186 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of EZCORP in the 2nd quarter worth about $1,624,000. 99.83% of the stock is owned by institutional investors.

EZCORP Stock Performance

NASDAQ EZPW opened at $12.40 on Thursday. The business’s 50 day moving average price is $12.20 and its 200-day moving average price is $11.53. EZCORP, Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $12.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. The company has a market cap of $675.43 million, a P/E ratio of 11.17 and a beta of 1.03.

Analysts Set New Price Targets

Several research analysts have issued reports on EZPW shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 price target on shares of EZCORP in a report on Friday, October 4th. Stephens assumed coverage on shares of EZCORP in a research note on Wednesday, November 13th. They set an “equal weight” rating and a $13.00 price target on the stock.

Insider Activity at EZCORP

In related news, CRO Nicole Swies sold 10,000 shares of EZCORP stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the transaction, the executive now owns 101,813 shares in the company, valued at approximately $1,269,608.11. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction on 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 of the company’s stock, 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 owned by 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.