FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 8.0% in the 4th quarter, Holdings Channel reports. The firm owned 44,605 shares of the company’s stock after buying an additional 3,316 shares during the quarter. MetLife Investment Management LLC’s holdings in FirstCash were worth $4,621,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock worth $426,105,000 after buying an additional 22,009 shares during the period. Fiduciary Management Inc. WI increased its position 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 worth $135,046,000 after acquiring an additional 563,265 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FirstCash by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company’s stock worth $108,107,000 after acquiring an additional 9,264 shares in the last quarter. Sei Investments Co. boosted its holdings in 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 last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in FirstCash by 28.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock valued at $58,076,000 after purchasing an additional 123,386 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Performance

Shares of FirstCash stock opened at $131.72 on Friday. The firm has a market cap of $5.90 billion, a PE ratio of 22.99 and a beta of 0.58. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $134.15. The firm’s 50-day simple moving average is $118.00 and its 200-day simple moving average is $111.84. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The company had revenue of $836.42 million for the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th 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 Friday, February 14th. FirstCash’s dividend payout ratio is presently 26.53%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

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.