Blueshift Asset Management LLC Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Blueshift Asset Management LLC bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,542 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in FirstCash in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp raised its stake in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares in the last quarter. R Squared Ltd bought a new position in FirstCash during the fourth quarter valued at $92,000. KBC Group NV grew its stake in shares of FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after buying an additional 205 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after buying an additional 94 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Down 0.5 %

Shares of FCFS opened at $116.87 on Friday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $113.74 and a 200 day moving average of $110.92. The company has a market cap of $5.23 billion, a PE ratio of 20.40 and a beta of 0.63. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced 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 dividend yield of 1.30%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at FirstCash

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