Peak6 LLC Purchases Shares of 20,434 FirstCash Holdings, Inc. (NASDAQ:FCFS)

PEAK6 LLC purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,434 shares of the company's stock, valued at approximately $2,117,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FCFS. Vanguard Group Inc. raised its position in shares of FirstCash by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after purchasing an additional 22,009 shares during the period. Sei Investments Co. raised its stake in FirstCash by 5.4% during the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company's stock valued at $67,193,000 after purchasing an additional 33,040 shares during the period. Vaughan Nelson Investment Management L.P. boosted 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 acquiring an additional 123,386 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock valued at $53,866,000 after buying an additional 21,685 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in FirstCash by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company's stock valued at $40,164,000 after purchasing an additional 30,948 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Insider Buying and Selling

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

FirstCash Stock Performance

FCFS traded down $0.39 during midday trading on Friday, reaching $131.34. The company's stock had a trading volume of 153,287 shares, compared to its average volume of 273,163. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $118.00 and a 200 day simple moving average of $111.84. The stock has a market cap of $5.88 billion, a P/E ratio of 22.92 and a beta of 0.58. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $134.15.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. The business had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.16%. FirstCash's dividend payout ratio is currently 26.53%.

Analyst Ratings Changes

Separately, Stephens restated an "overweight" rating and set a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

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.