Mutual of America Capital Management LLC Trims Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mutual of America Capital Management LLC trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,042 shares of the company’s stock after selling 525 shares during the period. Mutual of America Capital Management LLC’s holdings in FirstCash were worth $2,411,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Management Inc. WI lifted 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 purchasing an additional 563,265 shares in the last quarter. GAMMA Investing LLC increased its position in FirstCash by 26,021.8% in the first quarter. GAMMA Investing LLC now owns 259,651 shares of the company’s stock worth $31,241,000 after buying an additional 258,657 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of FirstCash by 349.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 294,281 shares of the company’s stock worth $30,488,000 after purchasing an additional 228,784 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of FirstCash during the fourth quarter worth about $21,701,000. Finally, Raymond James Financial Inc. bought a new position in FirstCash during the fourth quarter valued at approximately $18,169,000. 80.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FirstCash 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 transaction, the insider directly owned 32,481 shares in the company, valued at $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.93% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $132.60 on Friday. The stock has a market cap of $5.88 billion, a PE ratio of 21.22 and a beta of 0.62. The business has a 50-day simple moving average of $130.45 and a 200-day simple moving average of $121.95. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $138.42.

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

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash’s dividend payout ratio is presently 24.32%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th.

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.