Van Hulzen Asset Management LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,319 shares of the company’s stock, valued at approximately $718,000.
A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of FirstCash during the 2nd quarter valued at $1,088,429,000. Bank of New York Mellon Corp acquired a new position in FirstCash in the 2nd quarter worth about $69,779,000. JPMorgan Chase & Co. increased its holdings in FirstCash by 133.8% in the 4th quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock worth $89,588,000 after purchasing an additional 321,663 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in FirstCash by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after purchasing an additional 312,132 shares during the last quarter. Finally, Atlas FRM LLC bought a new position in FirstCash in the second quarter valued at about $58,406,400,000. 80.30% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other FirstCash news, insider Howard F. Hambleton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total transaction of $425,960.00. Following the completion of the transaction, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 5,348 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the transaction, the chief operating officer owned 135,498 shares of the company’s stock, valued at approximately $29,081,935.74. The trade was a 3.80% 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. Over the last three months, insiders have sold 20,348 shares of company stock valued at $4,492,755. Insiders own 2.86% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on FirstCash
FirstCash Stock Up 4.9%
Shares of NASDAQ:FCFS opened at $236.43 on Tuesday. The firm has a market cap of $10.25 billion, a P/E ratio of 26.99 and a beta of 0.53. 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 Holdings, Inc. has a 12-month low of $144.40 and a 12-month high of $238.38. The business has a fifty day simple moving average of $214.33 and a 200 day simple moving average of $207.62.
FirstCash (NASDAQ:FCFS – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.34 EPS. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. Analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.
FirstCash Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s payout ratio is currently 19.18%.
About FirstCash
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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