Earnest Partners LLC Boosts Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Earnest Partners LLC grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,338,671 shares of the company’s stock after purchasing an additional 52,409 shares during the quarter. FirstCash accounts for 1.1% of Earnest Partners LLC’s holdings, making the stock its 18th largest position. Earnest Partners LLC owned 0.05% of FirstCash worth $242,286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its stake in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after acquiring an additional 94 shares during the last quarter. Integrated Investment Consultants LLC increased its position in FirstCash by 2.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after purchasing an additional 105 shares during the last quarter. Bank of Nova Scotia raised its stake in FirstCash by 3.6% during the fourth quarter. Bank of Nova Scotia now owns 3,403 shares of the company’s stock valued at $353,000 after purchasing an additional 117 shares in the last quarter. Sanctuary Advisors LLC lifted its position in FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock valued at $826,000 after purchasing an additional 127 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ FCFS opened at $131.95 on Friday. The company has a market cap of $5.91 billion, a P/E ratio of 23.03 and a beta of 0.58. The business’s 50 day moving average price is $118.29 and its 200-day moving average price is $111.96. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $134.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.32. The business had revenue of $836.42 million for the quarter, compared to analysts’ expectations of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.15%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “overweight” rating and set a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th.

Insider Activity

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

FirstCash Company Profile

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.