Dimensional Fund Advisors LP Boosts Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Dimensional Fund Advisors LP grew its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,043,531 shares of the company's stock after acquiring an additional 9,264 shares during the period. Dimensional Fund Advisors LP owned about 2.33% of FirstCash worth $108,107,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FCFS. Fiduciary Management Inc. WI raised its holdings in FirstCash by 76.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock worth $135,046,000 after purchasing an additional 563,265 shares during the period. Marshall Wace LLP increased its position in shares of FirstCash by 5,338.6% in the fourth quarter. Marshall Wace LLP now owns 137,597 shares of the company's stock valued at $14,255,000 after buying an additional 135,067 shares in the last quarter. PEAK6 LLC acquired a new position in shares of FirstCash during the 4th quarter worth approximately $2,117,000. Jump Financial LLC lifted its position in shares of FirstCash by 229.8% during the 4th quarter. Jump Financial LLC now owns 6,982 shares of the company's stock valued at $723,000 after buying an additional 4,865 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in FirstCash in the 4th quarter valued at $339,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm'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 sale, the insider now directly owns 4,431,869 shares of the company's stock, 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. Corporate insiders own 14.77% of the company's stock.

FirstCash Price Performance

NASDAQ:FCFS traded up $0.64 during trading hours on Friday, hitting $133.29. 48,538 shares of the stock were exchanged, compared to its average volume of 271,003. The company has a market cap of $5.97 billion, a P/E ratio of 23.23 and a beta of 0.58. The firm's fifty day moving average price is $119.76 and its 200 day moving average price is $112.51. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $140.55. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The company had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. During the same quarter in the prior year, the company earned $1.55 EPS. FirstCash's revenue was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.14%. FirstCash's dividend payout ratio is currently 24.32%.

Analyst Upgrades and Downgrades

Separately, Stephens restated an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research report 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.