Heartland Advisors Inc. Acquires Shares of 10,733 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Heartland Advisors Inc. bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,733 shares of the company’s stock, valued at approximately $1,112,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after purchasing an additional 94 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of FirstCash by 2.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock valued at $476,000 after buying an additional 105 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock worth $826,000 after acquiring an additional 127 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of FirstCash by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock valued at $1,050,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

Shares of FirstCash stock opened at $119.36 on Friday. The business’s 50-day moving average price is $114.58 and its 200-day moving average price is $110.94. The firm has a market capitalization of $5.34 billion, a PE ratio of 20.83 and a beta of 0.63. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.27%. FirstCash’s payout ratio is currently 26.53%.

Insider Buying and Selling at FirstCash

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on 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 owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

Wall Street Analyst Weigh In

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

About FirstCash

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.