Virtu Financial LLC Makes New $553,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Virtu Financial LLC bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,817 shares of the company's stock, valued at approximately $553,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of FirstCash by 18.3% in the third quarter. FMR LLC now owns 6,712,779 shares of the company's stock valued at $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of FirstCash during the third quarter worth $50,192,000. American Century Companies Inc. boosted its holdings in FirstCash by 66.0% in the second quarter. American Century Companies Inc. now owns 446,882 shares of the company's stock valued at $46,869,000 after acquiring an additional 177,698 shares during the last quarter. Erste Asset Management GmbH bought a new position in FirstCash in the third quarter valued at about $18,368,000. Finally, Natixis Advisors LLC boosted its holdings in FirstCash by 174.3% during the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock worth $18,269,000 after buying an additional 101,130 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value 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 approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 14.77% of the stock is owned by company insiders.

FirstCash Stock Down 2.1 %

FirstCash stock traded down $2.30 during mid-day trading on Friday, reaching $106.30. The stock had a trading volume of 265,522 shares, compared to its average volume of 246,955. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The stock's 50-day simple moving average is $108.33 and its 200-day simple moving average is $111.13. The firm has a market capitalization of $4.76 billion, a PE ratio of 19.69 and a beta of 0.65.

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 analysts' consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.56 earnings per share. On average, sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash's payout ratio is 28.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FCFS. TD Cowen dropped their price target on FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Stephens began coverage on FirstCash in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 target price on the stock.

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.