Crown Advisors Management Inc. bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 40,000 shares of the company’s stock, valued at approximately $8,653,000. FirstCash makes up 4.8% of Crown Advisors Management Inc.’s portfolio, making the stock its 6th biggest position.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of FirstCash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after purchasing an additional 1,021 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after purchasing an additional 34,364 shares during the period. Jane Street Group LLC boosted its holdings in shares of FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after purchasing an additional 43,653 shares during the period. American Century Companies Inc. grew its position in FirstCash by 4.9% during the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock valued at $1,917,000 after purchasing an additional 666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in FirstCash by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after purchasing an additional 8,402 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.
FirstCash Stock Performance
Shares of NASDAQ FCFS opened at $214.75 on Monday. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 24.51 and a beta of 0.53. The business has a 50 day simple moving average of $214.79 and a 200 day simple moving average of $205.58. FirstCash Holdings, Inc. has a 52 week low of $135.64 and a 52 week high of $235.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89.
FirstCash Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s payout ratio is currently 19.18%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on FCFS shares. Weiss Ratings upgraded shares of FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. TD Cowen lifted their target price on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group boosted their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $249.00.
View Our Latest Analysis on FCFS
Insider Buying and Selling at FirstCash
In other news, SVP Raul Ramos sold 6,835 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the transaction, the senior vice president owned 20,400 shares in the company, valued at $4,594,692. This represents a 25.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the transaction, the insider owned 32,406 shares in the company, valued at $7,337,042.46. This represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 13,000 shares of company stock worth $2,950,204. 2.86% of the stock is currently owned by company insiders.
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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