GSA Capital Partners LLP Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

GSA Capital Partners LLP bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 6,361 shares of the company's stock, valued at approximately $730,000.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of FirstCash during the 1st quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FirstCash during the 2nd quarter worth $54,000. CWM LLC boosted its position in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company's stock worth $65,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock worth $103,000 after purchasing an additional 202 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock worth $107,000 after purchasing an additional 482 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 7,316 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the completion of the transaction, the director now owns 4,735,843 shares of the company's stock, valued at approximately $568,206,443.14. The trade was a 0.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at $9,375,401.20. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,154 shares of company stock valued at $1,909,562. 14.77% of the stock is owned by insiders.

FirstCash Price Performance

Shares of NASDAQ:FCFS traded up $0.23 during midday trading on Monday, hitting $106.00. 245,514 shares of the stock were exchanged, compared to its average volume of 248,778. The stock has a market cap of $4.74 billion, a P/E ratio of 19.63 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The company has a 50 day moving average price of $111.67 and a 200-day moving average price of $112.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the company posted $1.56 EPS. The business's revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, November 15th. FirstCash's payout ratio is 28.15%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FCFS. TD Cowen decreased their target price on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Stephens initiated coverage on FirstCash in a research note on Wednesday, November 13th. They set an "overweight" rating and a $137.00 price target for the company.

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.