Fox Run Management L.L.C. Acquires Shares of 6,958 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Fox Run Management L.L.C. bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,958 shares of the company's stock, valued at approximately $721,000.

Several other hedge funds have also modified their holdings of FCFS. KLP Kapitalforvaltning AS bought a new position in shares of FirstCash during the 4th quarter worth approximately $829,000. Sei Investments Co. increased its position in shares of FirstCash by 5.4% during the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after purchasing an additional 33,040 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of FirstCash during the 4th quarter valued at $1,342,000. Semanteon Capital Management LP acquired a new stake in shares of FirstCash in the 4th quarter worth $1,467,000. Finally, Blueshift Asset Management LLC purchased a new position in FirstCash during the 4th quarter worth $263,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Performance

Shares of NASDAQ FCFS traded down $0.79 during midday trading on Friday, reaching $119.36. The company had a trading volume of 146,302 shares, compared to its average volume of 256,780. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The business's 50-day simple moving average is $114.58 and its 200 day simple moving average is $110.94. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5.34 billion, a P/E ratio of 20.83 and a beta of 0.63.

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

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.27%. FirstCash's dividend payout ratio is currently 26.53%.

Insider Buying and Selling

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents 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 corporate insiders.

Analysts Set New Price Targets

Separately, Stephens reiterated an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a research note 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.