FirstCash Holdings, Inc. (NASDAQ:FCFS) is Profit Investment Management LLC's 8th Largest Position

Profit Investment Management LLC lowered its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 37.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,850 shares of the company's stock after selling 15,467 shares during the period. FirstCash makes up 2.3% of Profit Investment Management LLC's investment portfolio, making the stock its 8th largest position. Profit Investment Management LLC owned about 0.06% of FirstCash worth $2,968,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of FirstCash during the 1st quarter valued at about $26,000. Whittier Trust Co. increased 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 valued at $59,000 after purchasing an additional 176 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FirstCash during the 2nd quarter valued at about $54,000. CWM LLC grew its position in FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company's stock worth $65,000 after acquiring an additional 348 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in FirstCash by 134.3% during 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 last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Trading Up 1.0 %

FCFS traded up $1.07 on Friday, hitting $113.69. 171,259 shares of the company were exchanged, compared to its average volume of 241,446. The firm has a fifty day simple moving average of $115.99 and a two-hundred day simple moving average of $115.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. FirstCash Holdings, Inc. has a 12 month low of $99.03 and a 12 month high of $133.64. The stock has a market capitalization of $5.09 billion, a PE ratio of 21.78 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $824.87 million. During the same period last year, the company earned $1.22 EPS. FirstCash's revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts expect that FirstCash Holdings, Inc. will post 6.52 earnings per share for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.34%. This is a positive change from FirstCash's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, August 15th. FirstCash's dividend payout ratio (DPR) is presently 29.12%.

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock worth $1,912,562 in the last ninety days. 14.77% of the stock is owned by insiders.

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.