FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,365 shares of the company’s stock after selling 471 shares during the period. Amalgamated Bank’s holdings in FirstCash were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock valued at $27,000 after acquiring an additional 202 shares during the period. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash during the 4th quarter valued at about $31,000. CX Institutional acquired a new stake in shares of FirstCash during the 1st quarter valued at about $42,000. UMB Bank n.a. lifted its stake in FirstCash by 167.5% in the 1st quarter. UMB Bank n.a. now owns 452 shares of the company’s stock valued at $54,000 after buying an additional 283 shares in the last quarter. Finally, Quarry LP lifted its stake in FirstCash by 986.5% in the 4th quarter. Quarry LP now owns 565 shares of the company’s stock valued at $59,000 after buying an additional 513 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 7th.

Insider Buying and Selling at FirstCash

In other news, insider Howard F. Hambleton sold 3,900 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 32,481 shares in the company, valued at $4,252,737.33. The trade was a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Trading Up 0.1%

Shares of FirstCash stock opened at $136.86 on Monday. The firm has a market capitalization of $6.07 billion, a PE ratio of 21.90 and a beta of 0.62. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $138.42. The firm’s 50-day moving average price is $130.68 and its 200 day moving average price is $120.04. The company has a current ratio of 4.39, a quick ratio of 3.28 and a debt-to-equity ratio of 0.83.

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

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 15th. FirstCash’s dividend payout ratio is currently 24.32%.

FirstCash 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.