Riverwater Partners LLC Makes New Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Riverwater Partners LLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,682 shares of the company's stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FCFS. Virtu Financial LLC purchased a new stake in shares of FirstCash in the 3rd quarter valued at approximately $553,000. Principal Financial Group Inc. lifted its position in shares of FirstCash by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company's stock worth $13,531,000 after purchasing an additional 4,483 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of FirstCash by 67.6% during the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock worth $27,841,000 after purchasing an additional 108,353 shares during the period. Vanguard Group Inc. grew its position in FirstCash by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after purchasing an additional 22,009 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in FirstCash in the 4th quarter valued at approximately $18,169,000. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Down 0.5 %

Shares of FCFS traded down $0.62 during midday trading on Friday, reaching $118.75. 109,546 shares of the stock were exchanged, compared to its average volume of 266,796. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 20.73 and a beta of 0.58. The firm has a 50 day simple moving average of $116.56 and a 200-day simple moving average of $111.24. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's dividend payout ratio is presently 26.53%.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an "overweight" rating and set a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

Insider Buying and Selling at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares of the company's stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

About FirstCash

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.