New Age Alpha Advisors LLC Acquires New Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

New Age Alpha Advisors LLC purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,245 shares of the company's stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of FirstCash during the fourth quarter worth about $18,169,000. Vaughan Nelson Investment Management L.P. increased its position in FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after purchasing an additional 123,386 shares during the period. JPMorgan Chase & Co. raised its stake in shares of FirstCash by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock worth $27,841,000 after buying an additional 108,353 shares in the last quarter. Barclays PLC lifted its holdings in shares of FirstCash by 163.8% in the 3rd quarter. Barclays PLC now owns 81,807 shares of the company's stock valued at $9,391,000 after buying an additional 50,799 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of FirstCash by 5.4% in the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock valued at $67,193,000 after buying an additional 33,040 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company's stock.

Analyst Ratings Changes

Separately, Stephens reiterated an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research report on Wednesday, February 19th.

FirstCash Price Performance

FirstCash stock traded down $2.87 during mid-day trading on Monday, reaching $120.16. The company had a trading volume of 524,118 shares, compared to its average volume of 263,665. The stock's 50-day simple moving average is $115.71 and its 200-day simple moving average is $111.08. The company has a market capitalization of $5.38 billion, a P/E ratio of 20.97 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, February 14th. FirstCash's dividend payout ratio (DPR) is presently 26.53%.

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.