FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 201,221 shares of the company's stock after acquiring an additional 18,839 shares during the period. Envestnet Asset Management Inc. owned about 0.45% of FirstCash worth $20,846,000 at the end of the most recent quarter.

Several other hedge funds have also 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 boosted its position in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares during the last quarter. R Squared Ltd purchased a new stake in FirstCash during the 4th quarter valued at about $92,000. Parkside Financial Bank & Trust boosted its holdings in shares of FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after purchasing an additional 94 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of FirstCash by 54.1% during the 4th quarter. KBC Group NV now owns 1,859 shares of the company's stock worth $193,000 after purchasing an additional 653 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Trading Up 1.1 %

Shares of FirstCash stock traded up $1.38 during mid-day trading on Friday, hitting $121.44. The stock had a trading volume of 269,715 shares, compared to its average volume of 270,668. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The firm has a market cap of $5.44 billion, a P/E ratio of 21.19 and a beta of 0.58. The firm has a 50-day moving average of $117.49 and a two-hundred day moving average of $111.53. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84.

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

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's dividend payout ratio is presently 26.53%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction on 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 completion of the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated 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 directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. The trade was 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.

About FirstCash

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.