Oberweis Asset Management Inc. Reduces Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Oberweis Asset Management Inc. cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 28.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,100 shares of the company’s stock after selling 27,800 shares during the period. Oberweis Asset Management Inc. owned about 0.16% of FirstCash worth $7,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FCFS. Penn Capital Management Company LLC lifted its holdings in shares of FirstCash by 63.6% in the fourth quarter. Penn Capital Management Company LLC now owns 4,062 shares of the company’s stock valued at $421,000 after purchasing an additional 1,579 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of FirstCash by 16.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,989 shares of the company’s stock worth $2,797,000 after purchasing an additional 3,846 shares during the last quarter. Hsbc Holdings PLC lifted its stake in FirstCash by 86.9% in the 4th quarter. Hsbc Holdings PLC now owns 18,390 shares of the company’s stock valued at $1,913,000 after buying an additional 8,548 shares in the last quarter. Stifel Financial Corp lifted its stake in FirstCash by 2.8% in the 4th quarter. Stifel Financial Corp now owns 7,420 shares of the company’s stock valued at $769,000 after buying an additional 199 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in FirstCash by 259.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,628 shares of the company’s stock valued at $687,000 after buying an additional 4,786 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

FirstCash Stock Performance

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

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 the consensus estimate of $1.75 by $0.32. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The company had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, February 14th. FirstCash’s payout ratio is 26.53%.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, 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 company insiders.

FirstCash Company 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.