CX Institutional Makes New $42,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

CX Institutional bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 348 shares of the company’s stock, valued at approximately $42,000.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in shares of FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after buying an additional 94 shares during the period. Bank of Nova Scotia lifted its holdings in FirstCash by 3.6% in the fourth quarter. Bank of Nova Scotia now owns 3,403 shares of the company’s stock valued at $353,000 after acquiring an additional 117 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares during the last quarter. Sanctuary Advisors LLC grew its position in FirstCash by 1.8% in the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock worth $826,000 after acquiring an additional 127 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in FirstCash by 1.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,960 shares of the company’s stock worth $1,239,000 after acquiring an additional 127 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FCFS shares. Wall Street Zen raised FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 7th. Stephens restated an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

Insider Transactions at FirstCash

In other news, insider Howard F. Hambleton sold 3,900 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total transaction of $510,627.00. Following the sale, the insider now owns 32,481 shares of the company’s stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Down 0.6%

FirstCash stock opened at $129.64 on Wednesday. The company has a market capitalization of $5.75 billion, a PE ratio of 20.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. The firm has a 50 day moving average price of $127.82 and a 200 day moving average price of $117.46.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.75 by $0.32. The business had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. Research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.17%. FirstCash’s dividend payout ratio (DPR) is presently 24.32%.

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.