Vaughan Nelson Investment Management L.P. Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Vaughan Nelson Investment Management L.P. acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 437,205 shares of the company's stock, valued at approximately $50,192,000. Vaughan Nelson Investment Management L.P. owned about 0.98% of FirstCash as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in FirstCash in the first quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FirstCash during the 2nd quarter valued at approximately $54,000. CWM LLC lifted its position in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company's stock valued at $65,000 after acquiring an additional 348 shares during the period. EntryPoint Capital LLC lifted its position in shares of FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock valued at $107,000 after acquiring an additional 482 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock worth $103,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares of the company's stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the sale, the director now directly owns 4,735,243 shares of the company's stock, valued at approximately $568,560,627.01. This represents a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,909,562 in the last quarter. 14.77% of the stock is owned by corporate insiders.

FirstCash Trading Down 0.9 %

FCFS stock traded down $0.94 during midday trading on Friday, hitting $105.77. The stock had a trading volume of 199,409 shares, compared to its average volume of 315,818. The firm has a market cap of $4.73 billion, a PE ratio of 19.59 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The company's 50-day moving average price is $111.90 and its 200 day moving average price is $112.66.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating 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 business 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 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.38 dividend. 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 1.44%. FirstCash's dividend payout ratio is currently 28.15%.

Analyst Ratings Changes

FCFS has been the subject of several research reports. Stephens initiated coverage on FirstCash in a research report on Wednesday. They set an "overweight" rating and a $137.00 price objective for the company. TD Cowen cut their price objective on FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, October 28th.

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.