Summit Trail Advisors LLC Buys 1,650 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Summit Trail Advisors LLC boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 43.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,446 shares of the company’s stock after buying an additional 1,650 shares during the quarter. Summit Trail Advisors LLC’s holdings in FirstCash were worth $564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FCFS. Savant Capital LLC acquired a new stake in shares of FirstCash in the 4th quarter valued at approximately $254,000. Vaughan Nelson Investment Management L.P. raised its position in FirstCash by 28.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after acquiring an additional 123,386 shares in the last quarter. Stephens Inc. AR lifted its stake in FirstCash by 14.4% in the fourth quarter. Stephens Inc. AR now owns 34,927 shares of the company’s stock valued at $3,618,000 after acquiring an additional 4,408 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new stake in FirstCash in the fourth quarter valued at $275,000. Finally, R Squared Ltd bought a new position in shares of FirstCash in the 4th quarter valued at about $92,000. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen dropped their target price 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. Stephens began coverage on FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective on the stock.

FirstCash Price Performance

NASDAQ:FCFS opened at $114.33 on Wednesday. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a market cap of $5.12 billion, a P/E ratio of 19.95 and a beta of 0.67. The firm’s fifty day moving average price is $107.85 and its two-hundred day moving average price is $110.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

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

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.33%. FirstCash’s dividend payout ratio is currently 26.53%.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.77% of the company’s stock.

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.