Jump Financial LLC Raises Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Jump Financial LLC lifted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 229.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,982 shares of the company's stock after purchasing an additional 4,865 shares during the period. Jump Financial LLC's holdings in FirstCash were worth $723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in FirstCash in the fourth quarter worth about $31,000. J.Safra Asset Management Corp raised its position in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of FirstCash in the 4th quarter valued at approximately $74,000. R Squared Ltd bought a new stake in shares of FirstCash during the fourth quarter valued at approximately $92,000. Finally, Parkside Financial Bank & Trust grew its stake in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after purchasing an additional 94 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction 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. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

FirstCash Price Performance

FCFS stock opened at $121.61 on Wednesday. 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 firm has a 50 day moving average price of $117.64 and a 200-day moving average price of $111.65. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 21.22 and a beta of 0.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.25%. FirstCash's dividend payout ratio is currently 26.53%.

Analyst Ratings Changes

Separately, Stephens restated an "overweight" rating and set a $137.00 target price 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.

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