KLP Kapitalforvaltning AS Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

KLP Kapitalforvaltning AS purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the company's stock, valued at approximately $829,000.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in FirstCash during the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp increased its holdings in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after purchasing an additional 127 shares in the last quarter. R Squared Ltd acquired a new stake in shares of FirstCash in the 4th quarter valued at about $92,000. Parkside Financial Bank & Trust lifted its holdings in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after purchasing an additional 94 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of FirstCash by 54.1% during the fourth quarter. KBC Group NV now owns 1,859 shares of the company's stock worth $193,000 after buying an additional 653 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Ratings Changes

Separately, Stephens restated an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

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FirstCash Stock Up 4.3 %

Shares of FirstCash stock traded up $5.23 on Thursday, reaching $127.31. 548,341 shares of the company were exchanged, compared to its average volume of 258,956. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 22.22 and a beta of 0.63. 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 one year low of $100.24 and a one year high of $133.64. The company has a 50-day moving average of $115.10 and a 200 day moving average of $111.03.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.19%. FirstCash's dividend payout ratio is 26.53%.

Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm'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 completion of the sale, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was 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 of the company's stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company's stock.

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.