Aigen Investment Management LP Buys Shares of 4,367 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Aigen Investment Management LP bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 4,367 shares of the company's stock, valued at approximately $452,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. J.Safra Asset Management Corp grew its position in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares during the period. R Squared Ltd bought a new position in shares of FirstCash in the fourth quarter valued at $92,000. KBC Group NV increased its holdings in FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock worth $138,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust raised its position in FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after acquiring an additional 94 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in FirstCash in the 3rd quarter valued at about $204,000. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FirstCash

In other 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 value of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This 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 through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

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FirstCash Price Performance

FirstCash stock traded down $0.16 during midday trading on Monday, reaching $115.26. The company's stock had a trading volume of 21,858 shares, compared to its average volume of 240,466. The stock has a market cap of $5.16 billion, a PE ratio of 20.14 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The business has a 50-day moving average price of $111.48 and a 200-day moving average price of $110.95.

FirstCash (NASDAQ:FCFS - Get Free Report) last released 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 return on equity of 14.99% and a net margin of 7.64%. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Analyst Ratings Changes

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

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.