FirstCash Holdings, Inc. $FCFS Stock Holdings Increased by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in FirstCash Holdings, Inc. by 80.9% during Q2, now owning 4,288 shares valued at approximately $579,000.
• Insiders, including CFO R Douglas Orr and CEO Rick L. Wessel, have sold significant amounts of stock, with insider ownership now at 14.77% of total shares.
• FirstCash has raised its quarterly dividend to $0.42 per share, marking an increase from the previous dividend of $0.38.

Callan Family Office LLC boosted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 80.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,288 shares of the company's stock after acquiring an additional 1,917 shares during the quarter. Callan Family Office LLC's holdings in FirstCash were worth $579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in FirstCash by 808.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after acquiring an additional 202 shares in the last quarter. CX Institutional bought a new position in FirstCash during the first quarter valued at approximately $42,000. CWM LLC raised its position in FirstCash by 92.9% during the first quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after acquiring an additional 249 shares in the last quarter. State of Wyoming bought a new position in FirstCash during the first quarter valued at approximately $65,000. Finally, Brooklyn Investment Group raised its position in FirstCash by 7,233.3% during the first quarter. Brooklyn Investment Group now owns 660 shares of the company's stock valued at $79,000 after acquiring an additional 651 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 3,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total transaction of $445,230.00. Following the transaction, the chief financial officer owned 97,567 shares of the company's stock, valued at approximately $14,479,918.47. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick L. Wessel sold 69,024 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $138.49, for a total transaction of $9,559,133.76. Following the transaction, the chief executive officer directly owned 932,958 shares in the company, valued at $129,205,353.42. This trade represents a 6.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,500 shares of company stock valued at $15,493,610. 14.77% of the stock is owned by company insiders.

FirstCash Trading Up 3.4%

Shares of FCFS stock opened at $158.93 on Wednesday. The business's 50 day moving average is $146.96 and its two-hundred day moving average is $134.99. The company has a market cap of $7.05 billion, a PE ratio of 24.41 and a beta of 0.69. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $159.00.

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, topping 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 business 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 earnings per share. FirstCash's revenue was up .0% compared to the same quarter last year. Equities analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. This is an increase from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, August 15th. FirstCash's payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FCFS. Loop Capital lowered shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research report on Friday, September 5th. Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. Canaccord Genuity Group reiterated a "buy" rating and set a $200.00 price target on shares of FirstCash in a report on Monday, October 6th. Zacks Research upgraded FirstCash from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Finally, Capital One Financial set a $160.00 price target on FirstCash in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $154.40.

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.

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