Summit Trail Advisors LLC Decreases Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Summit Trail Advisors LLC reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,796 shares of the company’s stock after selling 241 shares during the period. Summit Trail Advisors LLC’s holdings in FirstCash were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FCFS. Vaughan Nelson Investment Management L.P. purchased a new position in shares of FirstCash during the third quarter valued at approximately $50,192,000. American Century Companies Inc. increased its stake in shares of FirstCash by 66.0% during the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock valued at $46,869,000 after buying an additional 177,698 shares during the period. Natixis Advisors LLC increased its stake in shares of FirstCash by 174.3% during the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock valued at $18,269,000 after buying an additional 101,130 shares during the period. Boston Partners increased its stake in shares of FirstCash by 17.8% during the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after buying an additional 94,010 shares during the period. Finally, Earnest Partners LLC increased its stake 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 valued at $245,879,000 after buying an additional 55,919 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at approximately $567,540,367.86. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,290 shares of company stock valued at $1,565,853. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Trading Down 0.8 %

NASDAQ FCFS opened at $107.10 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. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The firm has a market capitalization of $4.79 billion, a PE ratio of 19.83 and a beta of 0.64. The stock’s 50 day moving average is $110.38 and its 200 day moving average is $112.03.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $843.94 million. During the same period in the previous year, the company posted $1.56 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is 28.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FCFS shares. Stephens started coverage on FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock. TD Cowen dropped their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

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.