Edgestream Partners L.P. Makes New Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Edgestream Partners L.P. purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,633 shares of the company's stock, valued at approximately $1,680,000.

Several other institutional investors have also added to or reduced their stakes in FCFS. CWA Asset Management Group LLC bought a new stake in shares of FirstCash during the 3rd quarter valued at $1,576,000. Atria Investments Inc bought a new stake in shares of FirstCash during the 1st quarter valued at $1,189,000. Natixis Advisors LLC raised its position in shares of FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock valued at $18,269,000 after purchasing an additional 101,130 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in shares of FirstCash during the 3rd quarter valued at $3,707,000. Finally, Seven Eight Capital LP bought a new stake in shares of FirstCash during the 2nd quarter valued at $1,882,000. 80.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,974 shares of company stock valued at $688,080. Insiders own 14.77% of the company's stock.

Wall Street Analyst Weigh In

FCFS has been the topic of several recent analyst reports. TD Cowen decreased their price objective on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Stephens initiated coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an "overweight" rating and a $137.00 price target for the company.

FirstCash Trading Up 0.1 %

FCFS traded up $0.15 on Wednesday, reaching $106.73. 153,117 shares of the company traded hands, compared to its average volume of 247,255. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The firm has a fifty day simple moving average of $109.26 and a two-hundred day simple moving average of $111.68. The company has a market cap of $4.78 billion, a P/E ratio of 19.76 and a beta of 0.65. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 EPS. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, November 15th. FirstCash's dividend payout ratio is presently 28.15%.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.