Pullen Investment Management LLC Acquires 1,246 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Pullen Investment Management LLC boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 15.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,530 shares of the company’s stock after acquiring an additional 1,246 shares during the quarter. Pullen Investment Management LLC’s holdings in FirstCash were worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FCFS. Earnest Partners LLC lifted its position in shares of FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after purchasing an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in FirstCash by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after buying an additional 15,780 shares in the last quarter. Hood River Capital Management LLC boosted its position 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 buying an additional 52,362 shares during the last quarter. Sei Investments Co. increased its stake in shares of 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 buying an additional 19,868 shares during the period. Finally, Boston Partners raised its position 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 acquiring an additional 94,010 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

FirstCash stock opened at $105.54 on Friday. The business’s 50-day simple moving average is $115.22 and its 200 day simple moving average is $114.69. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 20.22 and a beta of 0.62. FirstCash Holdings, Inc. has a 12-month low of $100.39 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. The company had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. FirstCash’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.52 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, November 15th. FirstCash’s payout ratio is 29.12%.

Insider Activity

In related news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction on Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock valued at $1,912,562 in the last 90 days. 14.77% of the stock is owned by company insiders.

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.