Mirabella Financial Services LLP Buys Shares of 19,753 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mirabella Financial Services LLP bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,753 shares of the company's stock, valued at approximately $2,268,000.

Several other institutional investors have also recently added to or reduced their stakes in FCFS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in FirstCash during the second quarter worth approximately $54,000. CWM LLC grew its position in shares of FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company's stock valued at $65,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC raised its stake in FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock worth $103,000 after acquiring an additional 202 shares in the last quarter. Lazard Asset Management LLC lifted its position in FirstCash by 220.3% in the first quarter. Lazard Asset Management LLC now owns 977 shares of the company's stock valued at $124,000 after acquiring an additional 672 shares during the last quarter. Finally, Quarry LP boosted its stake in FirstCash by 511.1% in the second quarter. Quarry LP now owns 1,100 shares of the company's stock valued at $115,000 after acquiring an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Stock Performance

FirstCash stock traded up $3.54 during mid-day trading on Monday, reaching $107.94. 301,627 shares of the company were exchanged, compared to its average volume of 248,992. The firm's 50-day simple moving average is $110.80 and its two-hundred day simple moving average is $112.21. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The firm has a market cap of $4.83 billion, a PE ratio of 19.33 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

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

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.41%. FirstCash's dividend payout ratio is currently 28.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an "overweight" rating and a $137.00 target price on the stock. TD Cowen cut their price target on FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $120.07, for a total value of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. This represents a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,290 shares of company stock worth $1,565,853 over the last 90 days. Company insiders own 14.77% of the company's stock.

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.