Anthracite Investment Company Inc. Cuts Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Anthracite Investment Company Inc. trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,338 shares of the company’s stock after selling 2,000 shares during the quarter. Anthracite Investment Company Inc.’s holdings in FirstCash were worth $2,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC increased its stake in FirstCash by 2.4% during the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after buying an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in FirstCash by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after purchasing an additional 15,780 shares during the last quarter. Hood River Capital Management LLC raised its stake in FirstCash by 6.3% in the 1st quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after purchasing an additional 52,362 shares during the last quarter. Sei Investments Co. lifted its holdings in FirstCash by 3.2% in the 2nd quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after purchasing an additional 19,868 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of FirstCash by 17.8% during the first quarter. Boston Partners now owns 621,534 shares of the company’s stock worth $78,347,000 after buying an additional 94,010 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 7,316 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,154 shares of company stock valued at $1,909,562. Company insiders own 14.77% of the company’s stock.

FirstCash Trading Down 0.9 %

Shares of FCFS stock opened at $105.06 on Wednesday. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The company’s 50-day moving average price is $111.50 and its 200-day moving average price is $112.50. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 19.46 and a beta of 0.64.

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

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Cowen decreased their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens initiated coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the 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.