GAMMA Investing LLC Purchases 258,657 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

GAMMA Investing LLC grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 26,021.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,651 shares of the company's stock after purchasing an additional 258,657 shares during the period. GAMMA Investing LLC owned approximately 0.58% of FirstCash worth $31,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of FirstCash by 16.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,164 shares of the company's stock valued at $328,000 after buying an additional 447 shares during the last quarter. Pullen Investment Management LLC lifted its stake in shares of FirstCash by 76.4% during the fourth quarter. Pullen Investment Management LLC now owns 16,810 shares of the company's stock worth $1,742,000 after purchasing an additional 7,280 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of FirstCash during the fourth quarter valued at about $248,000. Voloridge Investment Management LLC raised its stake in shares of FirstCash by 68.7% in the 4th quarter. Voloridge Investment Management LLC now owns 182,637 shares of the company's stock valued at $18,921,000 after purchasing an additional 74,349 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in FirstCash by 24.3% during the 4th quarter. Two Sigma Advisers LP now owns 66,600 shares of the company's stock worth $6,900,000 after buying an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Trading Up 1.4%

Shares of FCFS traded up $1.71 during midday trading on Friday, hitting $125.78. The stock had a trading volume of 227,400 shares, compared to its average volume of 280,667. The business has a 50-day simple moving average of $126.40 and a two-hundred day simple moving average of $116.08. 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 Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. The firm has a market cap of $5.58 billion, a P/E ratio of 21.95 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share 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. FirstCash's quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 15th. FirstCash's dividend payout ratio is currently 24.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FCFS shares. Stephens reaffirmed an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research report on Wednesday, February 19th. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th.

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.