Man Group plc Makes New Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Man Group plc purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,630 shares of the company’s stock, valued at approximately $7,110,000. Man Group plc owned approximately 0.15% of FirstCash at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in FirstCash during the fourth quarter worth $534,000. Occudo Quantitative Strategies LP bought a new stake in FirstCash during the fourth quarter worth $340,000. Millennium Management LLC raised its position in FirstCash by 332.5% during the fourth quarter. Millennium Management LLC now owns 194,389 shares of the company’s stock worth $20,139,000 after acquiring an additional 149,439 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FirstCash by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,925 shares of the company’s stock worth $2,271,000 after acquiring an additional 864 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in FirstCash by 45.1% during the fourth quarter. Lazard Asset Management LLC now owns 8,205 shares of the company’s stock worth $850,000 after acquiring an additional 2,552 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

FirstCash Price Performance

Shares of FCFS opened at $128.15 on Tuesday. The firm has a market capitalization of $5.69 billion, a PE ratio of 22.36 and a beta of 0.63. The company’s 50-day moving average is $124.09 and its 200-day moving average is $114.47. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. 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 released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million for the quarter, compared to the consensus estimate of $837.11 million. During the same period in the prior year, the company posted $1.55 earnings per share. FirstCash’s revenue was up .0% compared to the same quarter last year. Equities analysts forecast 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 will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. FirstCash’s dividend payout ratio (DPR) is presently 24.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Stephens reissued an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a research report on Wednesday, February 19th.

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.