FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC trimmed its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,021 shares of the company's stock after selling 2,990 shares during the period. Granite Investment Partners LLC owned 0.30% of FirstCash worth $13,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in shares of FirstCash by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,486 shares of the company's stock worth $856,000 after purchasing an additional 195 shares during the last quarter. State Street Corp grew its holdings in shares of FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after purchasing an additional 28,415 shares during the period. MML Investors Services LLC raised its holdings in FirstCash by 185.2% in the 3rd quarter. MML Investors Services LLC now owns 6,697 shares of the company's stock valued at $769,000 after buying an additional 4,349 shares during the period. Barclays PLC boosted its stake in FirstCash by 163.8% during the third quarter. Barclays PLC now owns 81,807 shares of the company's stock worth $9,391,000 after buying an additional 50,799 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of FirstCash during the third quarter valued at about $553,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Up 1.1 %

Shares of NASDAQ FCFS traded up $1.38 during mid-day trading on Friday, reaching $121.44. The company had a trading volume of 269,715 shares, compared to its average volume of 270,122. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The stock has a market cap of $5.44 billion, a P/E ratio of 21.19 and a beta of 0.58. The firm has a 50 day simple moving average of $117.34 and a two-hundred day simple moving average of $111.49.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The firm 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. This represents a $1.52 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's 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 transaction, the insider now 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 disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

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.