Royce & Associates LP Acquires 33,729 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Royce & Associates LP raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 61.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,565 shares of the company's stock after acquiring an additional 33,729 shares during the period. Royce & Associates LP owned approximately 0.20% of FirstCash worth $10,167,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of FirstCash during the first quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FirstCash during the 2nd quarter worth about $54,000. CWM LLC raised its position in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company's stock worth $65,000 after buying an additional 348 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock worth $103,000 after acquiring an additional 202 shares during the period. Finally, EntryPoint Capital LLC boosted its holdings in shares of FirstCash by 134.3% in the first quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock valued at $107,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Price Performance

Shares of FCFS traded down $0.94 during mid-day trading on Friday, hitting $105.77. The company's stock had a trading volume of 199,409 shares, compared to its average volume of 315,818. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The firm has a 50-day moving average price of $111.90 and a 200 day moving average price of $112.64. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 19.59 and a beta of 0.64.

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

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash's dividend payout ratio is 28.15%.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 2,864 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64. Following the completion of the transaction, the director now owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,909,562 over the last three months. Insiders own 14.77% of the company's stock.

Analyst Ratings Changes

FCFS has been the topic of several recent analyst reports. Stephens initiated coverage on FirstCash in a report on Wednesday. They set an "overweight" rating and a $137.00 target price on the stock. TD Cowen dropped their price objective on FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock 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.