Alps Advisors Inc. Purchases 6,382 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Alps Advisors Inc. increased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,693 shares of the company's stock after purchasing an additional 6,382 shares during the period. Alps Advisors Inc. owned 0.20% of FirstCash worth $10,672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MBM Wealth Consultants LLC increased its position in shares of FirstCash by 1.6% in the 1st quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock valued at $693,000 after buying an additional 90 shares in the last quarter. Bank of Nova Scotia increased its position in shares of FirstCash by 3.6% in the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock valued at $353,000 after buying an additional 117 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of FirstCash by 1.4% in the 1st quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company's stock valued at $1,029,000 after buying an additional 120 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of FirstCash by 1.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,960 shares of the company's stock valued at $1,239,000 after buying an additional 127 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of FirstCash by 6.6% in the 4th quarter. EntryPoint Capital LLC now owns 2,319 shares of the company's stock valued at $240,000 after buying an additional 143 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

FirstCash Stock Performance

FirstCash stock traded down $0.74 during trading hours on Monday, hitting $131.43. The company had a trading volume of 144,815 shares, compared to its average volume of 295,959. The firm has a market cap of $5.83 billion, a PE ratio of 21.03 and a beta of 0.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.39 and a quick ratio of 3.28. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $138.42. The firm has a 50-day moving average of $130.72 and a 200 day moving average of $121.10.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The firm had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. During the same period in the prior year, the firm earned $1.55 EPS. The business's revenue was up .0% on a year-over-year basis. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.16%. FirstCash's dividend payout ratio is presently 24.32%.

Insider Activity at FirstCash

In related news, insider Howard F. Hambleton sold 3,900 shares of FirstCash stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider directly owned 32,481 shares of the company's stock, valued at $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.