Royce & Associates LP Has $10.17 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Royce & Associates LP boosted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 61.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,565 shares of the company’s stock after buying an additional 33,729 shares during the period. Royce & Associates LP owned approximately 0.20% of FirstCash worth $10,167,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FCFS. Allspring Global Investments Holdings LLC purchased a new position in FirstCash in the first quarter valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FirstCash in the 2nd quarter worth $54,000. CWM LLC raised its position in FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC boosted its stake in FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after buying an additional 202 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock valued at $107,000 after purchasing an additional 482 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ FCFS opened at $105.77 on Friday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 19.59 and a beta of 0.64. The business has a 50-day moving average price of $111.90 and a 200-day moving average price of $112.66. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. As a group, equities research analysts predict that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.44%. FirstCash’s payout ratio is presently 28.15%.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total value of $72,042.00. Following the sale, the director now directly owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. The trade was a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,909,562 over the last 90 days. Insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FCFS. Stephens initiated coverage on FirstCash in a research report on Wednesday. They issued an “overweight” rating and a $137.00 price objective for the company. TD Cowen dropped their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th.

FirstCash 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.