Penn Davis Mcfarland Inc. Makes New $852,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Penn Davis Mcfarland Inc. purchased 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 filing with the Securities and Exchange Commission. The firm purchased 7,420 shares of the company's stock, valued at approximately $852,000.

A number of other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in FirstCash during the 1st quarter valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FirstCash in the second quarter worth about $54,000. Whittier Trust Co. boosted its stake in FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company's stock valued at $59,000 after buying an additional 176 shares during the last quarter. CWM LLC increased its stake in FirstCash by 157.5% in 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, GAMMA Investing LLC raised its holdings in shares of 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. Institutional investors own 80.30% of the company's stock.

Insider Activity at FirstCash

In other news, 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 90,715 shares in the company, valued at $9,722,833.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,154 shares of company stock worth $1,912,562. Insiders own 14.77% of the company's stock.

FirstCash Price Performance

FirstCash stock traded down $1.34 during mid-day trading on Monday, reaching $111.41. 133,049 shares of the company's stock traded hands, compared to its average volume of 241,678. FirstCash Holdings, Inc. has a 12-month low of $100.39 and a 12-month high of $133.64. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 21.98 and a beta of 0.62. The stock has a 50 day moving average of $116.22 and a two-hundred day moving average of $115.21. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. The company had revenue of $831.00 million for the quarter, compared to analysts' expectations of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Equities analysts forecast that FirstCash Holdings, Inc. will post 6.52 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.36%. 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. FirstCash's dividend payout ratio (DPR) is 29.63%.

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.