Bryce Point Capital LLC Makes New $1.61 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bryce Point Capital LLC bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,561 shares of the company's stock, valued at approximately $1,612,000.

Several other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in FirstCash in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp lifted its stake in FirstCash by 38.8% during the fourth 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 last quarter. R Squared Ltd bought a new stake in FirstCash during the fourth quarter worth approximately $92,000. Parkside Financial Bank & Trust grew its position in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after buying an additional 94 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of FirstCash by 54.1% in the fourth quarter. KBC Group NV now owns 1,859 shares of the company's stock valued at $193,000 after buying an additional 653 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Trading Down 3.0 %

Shares of NASDAQ:FCFS traded down $3.74 during mid-day trading on Monday, hitting $119.29. The stock had a trading volume of 158,569 shares, compared to its average volume of 262,252. The company's 50 day moving average is $115.56 and its 200-day moving average is $111.08. The company has a market cap of $5.34 billion, a PE ratio of 20.91 and a beta of 0.58. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Activity at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction dated 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 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 trade represents a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business's 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 completion of the sale, the chief financial officer now directly owns 100,567 shares of the company's stock, 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. 14.77% of the stock is currently owned by insiders.

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.