Quadrature Capital Ltd Sells 4,211 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Quadrature Capital Ltd trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 67.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,988 shares of the company’s stock after selling 4,211 shares during the period. Quadrature Capital Ltd’s holdings in FirstCash were worth $228,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC bought a new stake in shares of FirstCash during the second quarter valued at approximately $216,000. SG Americas Securities LLC raised its stake in shares of FirstCash by 160.6% in the 2nd quarter. SG Americas Securities LLC now owns 5,014 shares of the company’s stock valued at $526,000 after buying an additional 3,090 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FirstCash by 8.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company’s stock worth $252,000 after acquiring an additional 194 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of FirstCash by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock valued at $228,000 after acquiring an additional 95 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in FirstCash by 30.1% in the second quarter. Blue Trust Inc. now owns 2,513 shares of the company’s stock valued at $264,000 after acquiring an additional 581 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FCFS. Stephens assumed coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target for the company. TD Cowen cut their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

Insider Activity at FirstCash

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 in the company, valued at $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.77% of the stock is currently owned by company insiders.

FirstCash Price Performance

NASDAQ:FCFS opened at $107.79 on Wednesday. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The firm has a market cap of $4.82 billion, a PE ratio of 19.70 and a beta of 0.65. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The company’s 50-day moving average price is $108.74 and its two-hundred day moving average price is $111.37.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same period in the previous year, the business earned $1.56 EPS. FirstCash’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.41%. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

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.