Bessemer Group Inc. Has $29.32 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bessemer Group Inc. lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,974 shares of the company's stock after acquiring an additional 9,997 shares during the quarter. Bessemer Group Inc. owned about 0.63% of FirstCash worth $29,315,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction 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 directly owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % 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 Price Performance

NASDAQ FCFS traded down $0.33 on Wednesday, reaching $120.64. The company had a trading volume of 96,773 shares, compared to its average volume of 268,747. The firm's 50 day moving average price is $117.05 and its 200 day moving average price is $111.38. 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. The stock has a market capitalization of $5.40 billion, a PE ratio of 21.05 and a beta of 0.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's dividend payout ratio is currently 26.53%.

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.