Should You Buy EZCORP (EZPW)?

Wasatch Global Investors, an asset management company, released its “Wasatch Micro Cap Growth—U.S. Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The strategy declined and underperformed its benchmark, the Russell Microcap Index in the fourth quarter, which gained 4.72%. The disappointing returns in industrials, financials, and consumer discretionary were the primary source of the strategy’s weakness relative to the benchmark while consumer staples positively contributed to the performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Wasatch Micro Cap Growth—U.S. Strategy highlighted stocks like EZCORP, Inc. (NASDAQ:EZPW) in its Q4 2022 investor letter. Headquartered in Austin, Texas, EZCORP, Inc. (NASDAQ:EZPW) is a pawn services provider. On March 21, 2023, EZCORP, Inc. (NASDAQ:EZPW) stock closed at $8.33 per share. One-month return of EZCORP, Inc. (NASDAQ:EZPW) was -6.82%, and its shares gained 38.37% of their value over the last 52 weeks. EZCORP, Inc. (NASDAQ:EZPW) has a market capitalization of $463.573 million.

Wasatch Micro Cap Growth—U.S. Strategy made the following comment about EZCORP, Inc. (NASDAQ:EZPW) in its Q4 2022 investor letter:

“We’ve also invested in companies with countercyclical growth potential. For example, lending company EZCORP, Inc. (NASDAQ:EZPW) serves less affluent individuals who may struggle amid high inflation or recession. The company owns and operates pawn stores that generate very strong cash flows. Customers can buy merchandise at discounted prices, sell unneeded belongings or receive loans based on items of value.”

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EZCORP, Inc. (NASDAQ:EZPW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held EZCORP, Inc. (NASDAQ:EZPW) at the end of the fourth quarter which was 16 in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.