ExodusPoint Capital Management LP Makes New $2.50 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

ExodusPoint Capital Management LP purchased 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 purchased 24,137 shares of the company's stock, valued at approximately $2,501,000. ExodusPoint Capital Management LP owned approximately 0.05% of FirstCash at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in FirstCash in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp increased its holdings in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after purchasing an additional 127 shares during the period. R Squared Ltd purchased a new stake in shares of FirstCash in the fourth quarter worth $92,000. Parkside Financial Bank & Trust boosted its stake in FirstCash by 7.4% during the fourth 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 period. Finally, Franklin Resources Inc. purchased a new position in FirstCash during the third quarter worth about $204,000. 80.30% of the stock is currently owned by institutional investors.

Insider Activity at FirstCash

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 shares were 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 in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated 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 directly owns 100,567 shares in the company, valued at $11,399,269.45. The trade was 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 owned by insiders.

FirstCash Price Performance

FCFS traded up $1.25 during trading on Friday, reaching $120.62. The stock had a trading volume of 400,709 shares, compared to its average volume of 268,131. The business has a 50-day moving average of $116.72 and a 200-day moving average of $111.29. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year 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. The stock has a market cap of $5.40 billion, a PE ratio of 21.05 and a beta of 0.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share 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 research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced 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 1.26%. The ex-dividend date was Friday, February 14th. FirstCash's dividend payout ratio is currently 26.53%.

Analyst Upgrades and Downgrades

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

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.