Erste Asset Management GmbH Has $19.05 Million Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Erste Asset Management GmbH grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,000 shares of the company's stock after purchasing an additional 25,000 shares during the period. Erste Asset Management GmbH owned about 0.41% of FirstCash worth $19,046,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Parkside Financial Bank & Trust increased its stake in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after buying an additional 94 shares during the last quarter. Integrated Investment Consultants LLC raised its holdings in FirstCash by 2.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock worth $476,000 after acquiring an additional 105 shares in the last quarter. Sanctuary Advisors LLC boosted its position in FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock valued at $826,000 after purchasing an additional 127 shares during the last quarter. J.Safra Asset Management Corp grew its stake in FirstCash by 38.8% in 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 in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Insider Transactions at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash 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 completion of the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction 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. Corporate insiders own 14.77% of the company's stock.

FirstCash Stock Performance

FCFS opened at $113.42 on Thursday. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The business has a 50 day moving average of $112.15 and a 200-day moving average of $110.93. 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 cap of $5.08 billion, a price-to-earnings ratio of 19.79 and a beta of 0.63.

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FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.34%. FirstCash's dividend payout ratio (DPR) is presently 26.53%.

Wall Street Analyst Weigh In

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

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.

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