Earnest Partners LLC Has $245.88 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Earnest Partners LLC raised its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,344,383 shares of the company's stock after purchasing an additional 55,919 shares during the period. FirstCash accounts for approximately 1.1% of Earnest Partners LLC's holdings, making the stock its 16th biggest position. Earnest Partners LLC owned approximately 5.16% of FirstCash worth $245,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of FirstCash during the first quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FirstCash during the 2nd quarter worth about $54,000. Whittier Trust Co. raised its position in shares of FirstCash by 62.2% during the 1st quarter. Whittier Trust Co. now owns 459 shares of the company's stock worth $59,000 after buying an additional 176 shares in the last quarter. EntryPoint Capital LLC lifted its stake in shares of FirstCash by 134.3% in the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock worth $107,000 after acquiring an additional 482 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of 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 in the last quarter. Institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on FirstCash in a report on Friday, June 7th. They set a "neutral" rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, FirstCash presently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company's stock, valued at $9,722,833.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the transaction, the director now directly owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company's stock, valued at approximately $9,722,833.70. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,912,562 in the last three months. 14.77% of the stock is currently owned by insiders.

FirstCash Price Performance

FirstCash stock traded up $0.76 during midday trading on Thursday, hitting $114.39. The company's stock had a trading volume of 166,325 shares, compared to its average volume of 245,108. FirstCash Holdings, Inc. has a 12 month low of $96.69 and a 12 month high of $133.64. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $5.12 billion, a PE ratio of 22.15 and a beta of 0.62. The stock's 50-day moving average price is $115.25 and its 200-day moving average price is $116.25.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The business had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. Analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from FirstCash's previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.33%. FirstCash's dividend payout ratio (DPR) is currently 29.63%.

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.