CWA Asset Management Group LLC Invests $1.58 Million in FirstCash Holdings, Inc. (NASDAQ:FCFS)

CWA Asset Management Group LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,725 shares of the company's stock, valued at approximately $1,576,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FCFS. Allspring Global Investments Holdings LLC bought a new position in shares of FirstCash during the first quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in FirstCash during the 2nd quarter worth $54,000. CWM LLC raised its holdings in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company's stock valued at $65,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock valued at $103,000 after acquiring an additional 202 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock worth $107,000 after purchasing an additional 482 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Ratings Changes

Separately, TD Cowen dropped their price target on FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a research note on Monday, October 28th.

FirstCash Price Performance

NASDAQ FCFS traded up $1.35 on Friday, hitting $109.08. 231,684 shares of the company's stock were exchanged, compared to its average volume of 312,544. FirstCash Holdings, Inc. has a 52 week low of $101.62 and a 52 week high of $133.64. The stock has a 50-day moving average of $113.03 and a 200-day moving average of $113.02. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 20.20 and a beta of 0.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same period in the prior year, the company earned $1.56 EPS. FirstCash's revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, November 15th. FirstCash's dividend payout ratio is 28.15%.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing 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 Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,909,562 in the last quarter. Insiders own 14.77% of the company's stock.

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.