Wealth Enhancement Advisory Services LLC Grows Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Wealth Enhancement Advisory Services LLC raised its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,429 shares of the company’s stock after buying an additional 265 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FirstCash were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock valued at $426,105,000 after buying an additional 22,009 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of FirstCash by 2.3% during the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company’s stock valued at $242,286,000 after buying an additional 52,409 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of FirstCash by 76.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company’s stock valued at $135,046,000 after buying an additional 563,265 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FirstCash by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company’s stock valued at $108,107,000 after buying an additional 9,264 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of FirstCash by 5.4% in the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company’s stock valued at $67,193,000 after purchasing an additional 33,040 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Up 0.1%

Shares of FCFS stock opened at $136.86 on Monday. The stock’s 50-day simple moving average is $130.68 and its 200-day simple moving average is $120.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. 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 fifty-two week low of $100.24 and a fifty-two week high of $138.42.

FirstCash (NASDAQ:FCFS) last posted its 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 firm had revenue of $836.42 million for 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%. FirstCash’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. Equities analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

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

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 3,900 shares of the firm’s stock in a transaction dated 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 directly owned 32,481 shares of the company’s stock, valued at $4,252,737.33. This trade 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 is available at this hyperlink. 14.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.