Advantage Alpha Capital Partners LP Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Advantage Alpha Capital Partners LP purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, HoldingsChannel reports. The fund purchased 32,293 shares of the company’s stock, valued at approximately $3,707,000.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in FirstCash by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock worth $228,000 after purchasing an additional 95 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after buying an additional 138 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after acquiring an additional 164 shares in the last quarter. Fifth Third Bancorp increased its position in shares of FirstCash by 1.0% in the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock valued at $1,809,000 after acquiring an additional 168 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in FirstCash by 8.8% during the second 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 in the last quarter. 80.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $107.94 on Tuesday. 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 business’s 50 day moving average price is $110.60 and its two-hundred day moving average price is $112.12. The company has a market cap of $4.83 billion, a PE ratio of 19.99 and a beta of 0.64. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued 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 company had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts predict that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now directly 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 through the SEC website. Also, Director Douglas Richard Rippel sold 7,316 shares of the stock in a transaction on Friday, August 30th. The stock was 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 in the company, valued at $568,206,443.14. The trade was a 0.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,290 shares of company stock valued at $1,565,853. Company 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.