Bessemer Group Inc. Acquires 12,965 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bessemer Group Inc. raised its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,939 shares of the company's stock after buying an additional 12,965 shares during the quarter. Bessemer Group Inc. owned about 0.66% of FirstCash worth $35,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in FirstCash during the 1st quarter valued at approximately $334,000. Oppenheimer Asset Management Inc. increased its holdings in shares of FirstCash by 2.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 36,232 shares of the company's stock valued at $4,359,000 after acquiring an additional 882 shares in the last quarter. Advisor Resource Council purchased a new position in shares of FirstCash in the 1st quarter worth about $1,006,000. Blue Trust Inc. boosted its stake in FirstCash by 18.3% in the 1st quarter. Blue Trust Inc. now owns 3,300 shares of the company's stock worth $397,000 after purchasing an additional 511 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in FirstCash by 1.4% during 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 purchasing an additional 120 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FirstCash

In other news, insider Howard F. Hambleton sold 3,900 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider now directly owns 32,481 shares in the company, valued at $4,252,737.33. This trade represents a 10.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.93% of the company's stock.

FirstCash Stock Down 2.1%

FCFS traded down $2.92 during trading on Friday, hitting $134.72. 126,749 shares of the company's stock traded hands, compared to its average volume of 281,310. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 21.50 and a beta of 0.62. The company's 50 day simple moving average is $129.33 and its two-hundred day simple moving average is $118.59. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $138.81. The company has a current ratio of 4.39, a quick ratio of 3.28 and a debt-to-equity ratio of 0.83.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.13%. FirstCash's dividend payout ratio is presently 24.32%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 7th.

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.