12,956 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,956 shares of the company's stock, valued at approximately $1,342,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FCFS. Parkside Financial Bank & Trust lifted its position in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after purchasing an additional 94 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of FirstCash by 2.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock valued at $476,000 after purchasing an additional 105 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock valued at $826,000 after buying an additional 127 shares during the last quarter. J.Safra Asset Management Corp boosted its position in shares of FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after buying an additional 127 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Remove Ads

FirstCash Price Performance

FCFS stock traded down $0.79 during trading hours on Friday, hitting $119.36. 146,302 shares of the stock traded hands, compared to its average volume of 256,780. The stock has a 50-day simple moving average of $114.43 and a 200 day simple moving average of $110.93. The company has a market cap of $5.34 billion, a P/E ratio of 20.83 and a beta of 0.63. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

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

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, February 14th. FirstCash's dividend payout ratio (DPR) is presently 26.53%.

Insider Buying and Selling

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.