Arrowstreet Capital Limited Partnership Makes New $1.05 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Arrowstreet Capital Limited Partnership bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,140 shares of the company's stock, valued at approximately $1,051,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FCFS. Verition Fund Management LLC grew its position in FirstCash by 8.5% during the 3rd quarter. Verition Fund Management LLC now owns 3,604 shares of the company's stock valued at $414,000 after purchasing an additional 283 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of FirstCash by 2.7% during the third quarter. HighTower Advisors LLC now owns 7,486 shares of the company's stock valued at $856,000 after buying an additional 195 shares during the last quarter. State Street Corp increased its position in shares of FirstCash by 2.1% during the third quarter. State Street Corp now owns 1,386,726 shares of the company's stock valued at $159,196,000 after acquiring an additional 28,415 shares in the last quarter. MML Investors Services LLC lifted its position in FirstCash by 185.2% in the 3rd quarter. MML Investors Services LLC now owns 6,697 shares of the company's stock valued at $769,000 after acquiring an additional 4,349 shares in the last quarter. Finally, Barclays PLC boosted its stake in FirstCash by 163.8% during the 3rd quarter. Barclays PLC now owns 81,807 shares of the company's stock valued at $9,391,000 after purchasing an additional 50,799 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Performance

FCFS traded up $1.34 during mid-day trading on Thursday, reaching $121.40. 37,929 shares of the company traded hands, compared to its average volume of 268,744. The company's fifty day moving average price is $117.19 and its 200-day moving average price is $111.44. The stock has a market capitalization of $5.43 billion, a P/E ratio of 21.18 and a beta of 0.58. 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 Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates 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 expect 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. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Analysts Set New Price Targets

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

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the 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 sale, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was 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 currently 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.