Millennium Management LLC Grows Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Millennium Management LLC lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 36.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,028 shares of the company's stock after purchasing an additional 23,144 shares during the period. Millennium Management LLC owned 0.19% of FirstCash worth $9,023,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new position in FirstCash in the 4th quarter worth approximately $430,000. Seven Eight Capital LP bought a new position in FirstCash in the 4th quarter valued at $515,000. Vanguard Group Inc. boosted its holdings in FirstCash by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company's stock valued at $440,332,000 after purchasing an additional 219,983 shares during the period. Quadrature Capital Ltd bought a new position in FirstCash in the 4th quarter valued at $1,752,000. Finally, Kapitalo Investimentos Ltda boosted its holdings in FirstCash by 526.6% in the 4th quarter. Kapitalo Investimentos Ltda now owns 4,468 shares of the company's stock valued at $484,000 after purchasing an additional 3,755 shares during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insider Activity

In other news, Director Douglas Richard Rippel sold 7,316 shares of the firm's stock in a transaction 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 sale, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Douglas Richard Rippel sold 7,316 shares of the firm's stock in a transaction 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 sale, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This trade represents a 0.00 % 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 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 transaction, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,154 shares of company stock worth $1,912,562. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Price Performance

NASDAQ:FCFS traded up $0.82 during trading hours on Wednesday, hitting $113.81. The stock had a trading volume of 221,103 shares, compared to its average volume of 242,034. The company has a 50 day simple moving average of $115.90 and a two-hundred day simple moving average of $115.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04. FirstCash Holdings, Inc. has a one year low of $99.03 and a one year high of $133.64. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 22.27 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly 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. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The firm had revenue of $831.00 million during the quarter, compared to the consensus estimate of $824.87 million. During the same period last year, the firm earned $1.22 EPS. The business's quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts forecast 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 given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. This is a boost from FirstCash's previous quarterly dividend of $0.35. FirstCash's dividend payout ratio (DPR) is 29.63%.

About FirstCash

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.