Freedom Day Solutions LLC Purchases Shares of 12,670 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Freedom Day Solutions LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,670 shares of the company's stock, valued at approximately $1,524,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of FirstCash by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 132,236 shares of the company's stock worth $15,911,000 after buying an additional 1,629 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of FirstCash by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company's stock worth $413,000 after buying an additional 265 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of FirstCash by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock worth $27,841,000 after buying an additional 108,353 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in FirstCash during the first quarter valued at about $334,000. Finally, Teacher Retirement System of Texas boosted its position in FirstCash by 18.2% during the first quarter. Teacher Retirement System of Texas now owns 11,522 shares of the company's stock valued at $1,386,000 after purchasing an additional 1,771 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

FirstCash Stock Down 0.6%

FCFS stock traded down $0.74 during trading on Monday, reaching $131.43. 144,829 shares of the company traded hands, compared to its average volume of 278,228. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $138.42. The business has a 50 day simple moving average of $130.72 and a 200 day simple moving average of $121.10. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 21.03 and a beta of 0.62. 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 (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.32. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. The company had revenue of $836.42 million for the quarter, compared to the consensus estimate of $837.11 million. During the same quarter last year, the company earned $1.55 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

Insider Buying and Selling

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the sale, the insider directly owned 32,481 shares in the company, valued at approximately $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 14.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

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.