Pullen Investment Management LLC Grows Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Pullen Investment Management LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 76.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,810 shares of the company's stock after purchasing an additional 7,280 shares during the quarter. FirstCash comprises 1.1% of Pullen Investment Management LLC's investment portfolio, making the stock its 28th biggest position. Pullen Investment Management LLC's holdings in FirstCash were worth $1,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in FirstCash in the fourth quarter valued at about $31,000. J.Safra Asset Management Corp grew its position in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after acquiring an additional 127 shares during the last quarter. Quarry LP grew its position in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after acquiring an additional 513 shares during the last quarter. Hurley Capital LLC bought a new position in FirstCash in the fourth quarter valued at about $74,000. Finally, R Squared Ltd bought a new position in FirstCash in the fourth quarter valued at about $92,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FCFS shares. Stephens restated an "overweight" rating and set a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday.

FirstCash Trading Down 1.0%

FCFS stock traded down $1.23 during trading on Wednesday, hitting $126.69. The company had a trading volume of 216,700 shares, compared to its average volume of 278,898. The business has a 50-day moving average of $125.35 and a 200-day moving average of $115.22. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $135.57. The stock has a market cap of $5.62 billion, a PE ratio of 22.11 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The firm had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. During the same period in the previous year, the firm earned $1.55 earnings per share. The company's revenue was up .0% compared to the same quarter last year. Research analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's payout ratio is 24.32%.

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.