FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 80.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 370 shares of the company’s stock after selling 1,509 shares during the quarter. Quest Partners LLC’s holdings in FirstCash were worth $39,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in FirstCash during the 1st quarter worth approximately $26,000. Whittier Trust Co. grew its stake in shares of FirstCash by 62.2% in the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after acquiring an additional 176 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of FirstCash during the fourth quarter worth $51,000. EntryPoint Capital LLC raised its stake 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. Finally, Lazard Asset Management LLC grew its stake in FirstCash by 220.3% during the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after purchasing an additional 672 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on FirstCash in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, FirstCash presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

FirstCash Price Performance

Shares of FCFS opened at $119.10 on Friday. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 23.22 and a beta of 0.62. The firm’s fifty day simple moving average is $114.36 and its 200-day simple moving average is $116.19. FirstCash Holdings, Inc. has a twelve month low of $94.55 and a twelve month high of $133.64. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. FirstCash’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. Equities analysts forecast that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.28%. This is an increase from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, August 15th. FirstCash’s dividend payout ratio is 29.63%.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,912,562 over the last three months. Insiders own 14.77% of the company’s 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.