Advantage Alpha Capital Partners LP Increases Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Advantage Alpha Capital Partners LP lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 43.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,457 shares of the company's stock after acquiring an additional 14,164 shares during the period. Advantage Alpha Capital Partners LP owned 0.10% of FirstCash worth $4,813,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FCFS. Thrivent Financial for Lutherans raised its position in FirstCash by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after buying an additional 138 shares during the last quarter. Swiss National Bank grew its position in FirstCash by 5.8% in the 3rd quarter. Swiss National Bank now owns 79,912 shares of the company's stock worth $9,174,000 after purchasing an additional 4,400 shares during the period. Intech Investment Management LLC raised its stake in FirstCash by 52.0% during the 3rd quarter. Intech Investment Management LLC now owns 14,845 shares of the company's stock valued at $1,704,000 after buying an additional 5,081 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FirstCash by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company's stock valued at $57,200,000 after buying an additional 37,810 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of FirstCash by 137.2% in the 3rd quarter. Citigroup Inc. now owns 34,143 shares of the company's stock worth $3,920,000 after buying an additional 19,749 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

FirstCash Stock Performance

Shares of FCFS stock traded down $0.79 during mid-day trading on Friday, reaching $119.36. 146,302 shares of the company's stock traded hands, compared to its average volume of 256,780. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The firm has a market capitalization of $5.34 billion, a PE ratio of 20.83 and a beta of 0.63. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The firm has a 50 day moving average price of $114.58 and a two-hundred day moving average price of $110.94.

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

FirstCash Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's dividend payout ratio is 26.53%.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Company 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.