Dynamic Technology Lab Private Ltd Takes $334,000 Position 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 position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,780 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds have also bought and sold shares of FCFS. Nuveen LLC bought a new stake in shares of FirstCash in the 1st quarter worth approximately $55,340,000. GAMMA Investing LLC raised its position in FirstCash by 26,021.8% in the 1st quarter. GAMMA Investing LLC now owns 259,651 shares of the company's stock worth $31,241,000 after purchasing an additional 258,657 shares during the period. Tidal Investments LLC purchased a new position in FirstCash in the 4th quarter worth $21,701,000. Millennium Management LLC lifted its stake in FirstCash by 332.5% in the fourth quarter. Millennium Management LLC now owns 194,389 shares of the company's stock worth $20,139,000 after purchasing an additional 149,439 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in FirstCash by 14.5% during the first quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock valued at $106,945,000 after buying an additional 112,349 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FCFS has been the topic of several analyst reports. Capital One Financial set a $160.00 price objective on FirstCash in a report on Tuesday, August 5th. Cowen reaffirmed a "buy" rating on shares of FirstCash in a research note on Monday, August 18th. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a research note on Monday, August 18th. Loop Capital downgraded shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Friday, September 5th. Finally, Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $143.00.

FirstCash Trading Up 0.8%

FirstCash stock traded up $1.19 during mid-day trading on Thursday, reaching $148.56. 196,585 shares of the company traded hands, compared to its average volume of 249,226. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $150.92. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 22.82 and a beta of 0.70. The firm's 50 day moving average price is $138.75 and its 200 day moving average price is $130.36.

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

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.42 per share. This is a positive change from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. FirstCash's dividend payout ratio (DPR) is currently 25.81%.

Insider Transactions at FirstCash

In other news, CEO Rick L. Wessel sold 69,024 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $138.49, for a total value of $9,559,133.76. Following the completion of the transaction, the chief executive officer owned 932,958 shares in the company, valued at $129,205,353.42. This trade represents a 6.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of FirstCash stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total value of $445,230.00. Following the sale, the chief financial officer owned 97,567 shares in the company, valued at $14,479,918.47. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,500 shares of company stock valued at $15,493,610. Corporate insiders own 2.93% of the company's stock.

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.