Campbell & CO Investment Adviser LLC Takes $250,000 Position in FirstCash Holdings, Inc. $FCFS

Campbell & CO Investment Adviser LLC bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,852 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors have also recently bought and sold shares of FCFS. Nuveen LLC acquired a new position in shares of FirstCash in the 1st quarter valued at $55,340,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in FirstCash by 1,350.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 250,900 shares of the company’s stock worth $33,907,000 after purchasing an additional 233,600 shares in the last quarter. Millennium Management LLC lifted its stake in FirstCash by 51.1% during the first quarter. Millennium Management LLC now owns 293,750 shares of the company’s stock worth $35,344,000 after purchasing an additional 99,361 shares during the period. Heartland Advisors Inc. boosted its holdings in FirstCash by 525.6% during the first quarter. Heartland Advisors Inc. now owns 67,147 shares of the company’s stock valued at $8,079,000 after purchasing an additional 56,414 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in FirstCash during the first quarter valued at approximately $6,206,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FCFS shares. Loop Capital downgraded FirstCash from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Friday, September 5th. Wall Street Zen upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstCash in a report on Wednesday, October 8th. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Cowen restated a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $167.00.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,852 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $159.72, for a total transaction of $455,521.44. Following the completion of the sale, the chief financial officer owned 39,734 shares in the company, valued at $6,346,314.48. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rick L. Wessel sold 30,976 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $139.33, for a total value of $4,315,886.08. Following the completion of the transaction, the chief executive officer owned 901,982 shares in the company, valued at approximately $125,673,152.06. This represents a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,000 shares of company stock valued at $15,883,363 over the last three months. Insiders own 2.93% of the company’s stock.

FirstCash Stock Down 3.4%

Shares of NASDAQ FCFS opened at $154.61 on Tuesday. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $166.08. The firm’s 50-day simple moving average is $154.04 and its 200 day simple moving average is $140.86. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 23.75 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 30th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.35. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company had revenue of $904.27 million during the quarter, compared to the consensus estimate of $845.28 million. During the same period in the previous year, the firm posted $1.67 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 14th. FirstCash’s dividend payout ratio (DPR) is presently 24.24%.

FirstCash announced that its board has approved a share repurchase program on Thursday, October 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.