Bridgefront Capital LLC Buys New Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bridgefront Capital LLC purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,670 shares of the company's stock, valued at approximately $277,000.

Several other hedge funds have also made changes to their positions in the stock. Fiduciary Management Inc. WI raised its stake in FirstCash by 76.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock valued at $135,046,000 after acquiring an additional 563,265 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of FirstCash during the fourth quarter valued at approximately $18,169,000. Marshall Wace LLP raised its holdings in FirstCash by 5,338.6% during the fourth quarter. Marshall Wace LLP now owns 137,597 shares of the company's stock worth $14,255,000 after purchasing an additional 135,067 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in FirstCash by 28.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after purchasing an additional 123,386 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in FirstCash by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after purchasing an additional 108,353 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

Insiders Place Their Bets

In other FirstCash news, 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 value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FCFS shares. Stephens reaffirmed an "overweight" rating and set a $137.00 target price on shares of FirstCash in a report on Wednesday, February 19th. StockNews.com raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd.

FirstCash Trading Down 0.9 %

NASDAQ FCFS traded down $1.18 on Friday, hitting $132.75. 282,820 shares of the company were exchanged, compared to its average volume of 274,703. 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 twelve month low of $100.24 and a twelve month high of $135.57. The firm has a market capitalization of $5.89 billion, a P/E ratio of 23.17 and a beta of 0.63. The company's 50 day moving average price is $122.40 and its 200-day moving average price is $113.40.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. During the same quarter last year, the business posted $1.55 EPS. The company's revenue was up .0% on a year-over-year basis. Analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's dividend payout ratio is currently 24.32%.

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.