Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Major Shareholder Sells $34,029,000.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

FirstCash Stock Performance

FirstCash stock opened at $117.25 on Friday. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $108.68 and a 200-day moving average of $111.06. The firm has a market cap of $5.25 billion, a P/E ratio of 20.46 and a beta of 0.67. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.30%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Institutional Trading of FirstCash

Several institutional investors and hedge funds have recently bought and sold shares of FCFS. Rialto Wealth Management LLC purchased a new stake in FirstCash in the fourth quarter worth about $31,000. J.Safra Asset Management Corp lifted its holdings in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after buying an additional 127 shares during the period. Quarry LP lifted its holdings in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after buying an additional 513 shares during the period. CWM LLC lifted its holdings in FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after buying an additional 348 shares during the period. Finally, Hurley Capital LLC purchased a new stake in FirstCash in the fourth quarter worth about $74,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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