FirstCash Holdings, Inc. (NASDAQ:FCFS) Stake Raised by New South Capital Management Inc.

New South Capital Management Inc. raised its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 22.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,129 shares of the company's stock after acquiring an additional 39,075 shares during the quarter. FirstCash makes up 1.3% of New South Capital Management Inc.'s portfolio, making the stock its 28th biggest holding. New South Capital Management Inc. owned approximately 0.48% of FirstCash worth $26,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FCFS. Summit Trail Advisors LLC grew its stake in FirstCash by 4.9% in the 1st quarter. Summit Trail Advisors LLC now owns 5,711 shares of the company's stock worth $687,000 after acquiring an additional 265 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of FirstCash during the first quarter worth about $1,370,000. Bessemer Group Inc. lifted its position in FirstCash by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 295,939 shares of the company's stock worth $35,607,000 after acquiring an additional 12,965 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of FirstCash in the first quarter valued at $334,000. Finally, Oppenheimer Asset Management Inc. boosted its position in FirstCash by 2.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 36,232 shares of the company's stock valued at $4,359,000 after buying an additional 882 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FirstCash Stock Up 0.1%

Shares of FirstCash stock traded up $0.10 during trading on Friday, reaching $136.86. The company had a trading volume of 128,319 shares, compared to its average volume of 280,065. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $138.42. The firm's fifty day moving average is $130.59 and its 200-day moving average is $119.56. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 21.90 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. FirstCash's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

Insider Transactions at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the completion of the sale, the insider owned 32,481 shares in the company, valued at $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.93% of the stock is owned by company insiders.

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.