New South Capital Management Inc. Sells 14,254 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

New South Capital Management Inc. reduced its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 177,054 shares of the company's stock after selling 14,254 shares during the quarter. New South Capital Management Inc. owned approximately 0.40% of FirstCash worth $18,343,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. J.Safra Asset Management Corp boosted its holdings 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 acquiring an additional 127 shares during the last quarter. R Squared Ltd bought a new stake in shares of FirstCash in the 4th quarter valued at $92,000. KBC Group NV increased its position in shares of FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock worth $138,000 after buying an additional 205 shares during the period. Parkside Financial Bank & Trust raised 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 worth $142,000 after buying an additional 94 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in FirstCash in the third quarter valued at $204,000. Institutional investors own 80.30% of the company's stock.

FirstCash Trading Up 0.1 %

Shares of NASDAQ:FCFS traded up $0.08 during mid-day trading on Friday, hitting $115.42. The company had a trading volume of 353,212 shares, compared to its average volume of 241,313. The company has a market capitalization of $5.17 billion, a PE ratio of 20.14 and a beta of 0.63. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The firm has a fifty day moving average price of $111.48 and a 200 day moving average price of $110.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

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FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results 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 return on equity of 14.99% and a net margin of 7.64%. As a group, research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

Insider Buying and Selling at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the firm'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 transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents 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 company insiders.

Analyst Ratings Changes

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

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.