Quest Partners LLC Has $4.69 Million Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Quest Partners LLC increased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 10,928.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,807 shares of the company's stock after buying an additional 40,437 shares during the period. FirstCash accounts for about 0.4% of Quest Partners LLC's investment portfolio, making the stock its 6th biggest holding. Quest Partners LLC owned approximately 0.09% of FirstCash worth $4,685,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Swiss National Bank lifted its holdings in shares of FirstCash by 5.8% in the third quarter. Swiss National Bank now owns 79,912 shares of the company's stock valued at $9,174,000 after purchasing an additional 4,400 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after acquiring an additional 138 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of FirstCash during the 3rd quarter worth approximately $50,192,000. Natixis Advisors LLC raised its holdings in shares of FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock valued at $18,269,000 after purchasing an additional 101,130 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of FirstCash by 61.5% in the third quarter. Royce & Associates LP now owns 88,565 shares of the company's stock worth $10,167,000 after purchasing an additional 33,729 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the transaction, the director now directly owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. This trade represents a 0.06 % 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. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,154 shares of company stock worth $1,909,562. Company insiders own 14.77% of the company's stock.

FirstCash Stock Performance

Shares of FCFS stock traded up $0.23 on Monday, reaching $106.00. The stock had a trading volume of 245,514 shares, compared to its average volume of 248,778. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.63 and a beta of 0.64. The firm's 50-day moving average is $111.67 and its two-hundred day moving average is $112.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same period in the previous year, the company posted $1.56 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.43%. FirstCash's dividend payout ratio (DPR) is presently 28.15%.

Analyst Ratings Changes

Several equities research analysts have issued reports on FCFS shares. Stephens assumed coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 price target on the stock. TD Cowen decreased their price target on FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a research note on Monday, October 28th.

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.