Dynamic Technology Lab Private Ltd Purchases New Holdings in FirstCash Holdings, Inc. $FCFS

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in FirstCash Holdings, Inc. by purchasing 2,780 shares valued at approximately $334,000.
• Insider selling has occurred, with CFO R. Douglas Orr selling 2,500 shares and a director selling 6,000 shares, indicating a decrease in their ownership in the company.
• FirstCash declared a quarterly dividend of $0.42 per share, increasing from the previous $0.38, reflecting a commitment to returning value to shareholders.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,780 shares of the company's stock, valued at approximately $334,000.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position 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 acquiring an additional 202 shares during the period. CX Institutional bought a new position in FirstCash in the 1st quarter worth $42,000. UMB Bank n.a. boosted its holdings in FirstCash by 167.5% in the 1st quarter. UMB Bank n.a. now owns 452 shares of the company's stock worth $54,000 after buying an additional 283 shares during the period. CWM LLC boosted its holdings in FirstCash by 92.9% in the 1st quarter. CWM LLC now owns 517 shares of the company's stock worth $62,000 after buying an additional 249 shares during the period. Finally, State of Wyoming bought a new position in FirstCash in the 1st quarter worth $65,000. Institutional investors own 80.30% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on FCFS shares. Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Loop Capital downgraded shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a report on Friday, September 5th. Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Capital One Financial set a $160.00 target price on shares of FirstCash in a report on Tuesday, August 5th. Finally, Cowen reaffirmed a "buy" rating on shares of FirstCash in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $143.00.

Insider Activity

In other news, CEO Rick L. Wessel sold 30,976 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the sale, the chief executive officer directly owned 901,982 shares in the company, valued at approximately $125,673,152.06. This represents a 3.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Graves sold 6,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the sale, the director owned 15,846 shares in the company, valued at $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,500 shares of company stock worth $15,493,610. 2.93% of the stock is currently owned by corporate insiders.

FirstCash Price Performance

Shares of NASDAQ FCFS traded down $1.27 during mid-day trading on Tuesday, hitting $145.69. 168,931 shares of the company's stock traded hands, compared to its average volume of 300,469. The company's 50-day moving average is $137.93 and its two-hundred day moving average is $129.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The company has a market capitalization of $6.46 billion, a P/E ratio of 22.38 and a beta of 0.70. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $150.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.13. The firm had revenue of $830.62 million for the quarter, compared to analysts' expectations of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.2%. This is a positive change from FirstCash's previous quarterly dividend of $0.38. FirstCash's dividend payout ratio is currently 25.81%.

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.