Rialto Wealth Management LLC Acquires Shares of 303 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Rialto Wealth Management LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 303 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds have also recently modified their holdings of the company. 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 valued at $47,000 after acquiring an additional 127 shares during the period. R Squared Ltd acquired a new position in shares of FirstCash in the 4th quarter valued at $92,000. KBC Group NV boosted its holdings in FirstCash by 20.5% during the third 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. Parkside Financial Bank & Trust grew its position in FirstCash by 7.4% during the fourth 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 during the period. Finally, Franklin Resources Inc. purchased a new position in FirstCash in the third quarter valued at $204,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Trading Up 0.1 %

Shares of FCFS stock opened at $115.42 on Monday. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 20.14 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The stock has a 50 day simple moving average of $111.48 and a 200-day simple moving average of $110.95.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data 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%. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio is presently 26.53%.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

FirstCash 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.