Livforsakringsbolaget Skandia Omsesidigt grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 27.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,800 shares of the company’s stock after acquiring an additional 5,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in FirstCash were worth $5,038,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new position in shares of FirstCash during the 1st quarter worth approximately $26,000. CIBC Private Wealth Group LLC raised its position in FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares during the period. Community Bank N.A. purchased a new stake in FirstCash in the third quarter valued at approximately $32,000. High Point Wealth Management LLC acquired a new position in FirstCash during the fourth quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in FirstCash by 531.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock worth $41,000 after purchasing an additional 218 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.
FirstCash Stock Performance
Shares of FCFS stock opened at $210.06 on Wednesday. The firm has a 50 day moving average of $222.60 and a two-hundred day moving average of $198.65. The stock has a market capitalization of $9.21 billion, a PE ratio of 26.32 and a beta of 0.53. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97.
FirstCash Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio is 21.05%.
Insider Buying and Selling
In other FirstCash news, insider Howard F. Hambleton sold 3,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total value of $679,230.00. Following the sale, the insider owned 32,406 shares of the company’s stock, valued at $7,337,042.46. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the transaction, the director directly owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,500 shares of company stock worth $6,243,104 over the last ninety days. Company insiders own 2.86% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on FCFS. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Canaccord Genuity Group boosted their price objective on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, TD Cowen lifted their target price on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.
Check Out Our Latest Research Report on FirstCash
FirstCash Company Profile
FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.
In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.
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