Alps Advisors Inc. Boosts Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Alps Advisors Inc. increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.8% during the first 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 acquiring an additional 6,382 shares during the period. Alps Advisors Inc. owned about 0.20% of FirstCash worth $10,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FCFS. Wealth Enhancement Advisory Services LLC grew its position in shares of FirstCash by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company's stock valued at $413,000 after acquiring an additional 265 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 108,353 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of FirstCash during the 1st quarter valued at approximately $334,000. Farther Finance Advisors LLC lifted its stake in shares of FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after buying an additional 202 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after buying an additional 22,009 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Trading Down 0.4%

FirstCash stock traded down $0.57 during trading hours on Friday, reaching $132.17. The stock had a trading volume of 223,144 shares, compared to its average volume of 278,646. The stock has a market cap of $5.86 billion, a PE ratio of 21.15 and a beta of 0.62. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $138.42. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.39 and a quick ratio of 3.28. The company has a fifty day simple moving average of $130.72 and a 200-day simple moving average of $120.86.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $837.11 million. During the same quarter in the previous year, the firm posted $1.55 EPS. The company's revenue for the quarter was up .0% compared to the same quarter last year. Analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed 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 1.15%. FirstCash's payout ratio is 24.32%.

Insider Buying and Selling at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the completion of the sale, the insider directly owned 32,481 shares of the company's stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.