Elevation Point Wealth Partners LLC Makes New $623,000 Investment in FirstCash Holdings, Inc. $FCFS

Elevation Point Wealth Partners LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFSFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,878 shares of the company’s stock, valued at approximately $623,000.

Other large investors also recently made changes to their positions in the company. Evolve Private Wealth LLC acquired a new stake in shares of FirstCash during the second quarter worth approximately $534,000. Landscape Capital Management L.L.C. acquired a new position in FirstCash in the 2nd quarter valued at approximately $572,000. Ieq Capital LLC purchased a new stake in FirstCash in the 2nd quarter worth approximately $1,299,000. Callan Family Office LLC acquired a new stake in shares of FirstCash during the 2nd quarter valued at $1,131,000. Finally, Heartland Advisors Inc. purchased a new position in shares of FirstCash during the 2nd quarter valued at $9,708,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other FirstCash news, SVP Raul Ramos sold 6,835 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the transaction, the senior vice president directly owned 20,400 shares in the company, valued at $4,594,692. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $216.00, for a total transaction of $432,000.00. Following the transaction, the chief financial officer directly owned 34,734 shares of the company’s stock, valued at $7,502,544. This represents a 5.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 20,348 shares of company stock worth $4,492,755. Corporate insiders own 2.86% of the company’s stock.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $236.43 on Tuesday. FirstCash Holdings, Inc. has a 12 month low of $144.40 and a 12 month high of $238.38. The company has a market cap of $10.25 billion, a P/E ratio of 26.99 and a beta of 0.53. The business’s 50 day moving average is $214.33 and its two-hundred day moving average is $207.62. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01.

FirstCash (NASDAQ:FCFSGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business earned $1.34 earnings per share. FirstCash’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, equities analysts expect that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s payout ratio is 19.18%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FCFS shares. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. TD Cowen raised their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

Get Our Latest Stock Report on FirstCash

FirstCash Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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