Bryce Point Capital LLC Makes New $1.61 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bryce Point Capital LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,561 shares of the company’s stock, valued at approximately $1,612,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in FirstCash during the fourth quarter worth approximately $31,000. J.Safra Asset Management Corp lifted its position in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares in the last quarter. R Squared Ltd acquired a new stake in FirstCash in the 4th quarter valued at $92,000. Parkside Financial Bank & Trust grew its stake in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the period. Finally, KBC Group NV increased its holdings in FirstCash by 54.1% in the 4th quarter. KBC Group NV now owns 1,859 shares of the company’s stock worth $193,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of NASDAQ:FCFS opened at $121.05 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The firm has a market capitalization of $5.42 billion, a PE ratio of 21.13 and a beta of 0.63. The business’s 50 day moving average price is $114.90 and its 200-day moving average price is $110.95.

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

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were 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 of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The sale 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 company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.77% of the company’s 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.