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

GAMMA Investing LLC lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 26,021.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,651 shares of the company's stock after buying an additional 258,657 shares during the period. GAMMA Investing LLC owned about 0.58% of FirstCash worth $31,241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FCFS. Vanguard Group Inc. increased its position in FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after purchasing an additional 22,009 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of FirstCash by 2.3% during the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock worth $242,286,000 after buying an additional 52,409 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of FirstCash by 76.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock valued at $135,046,000 after acquiring an additional 563,265 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FirstCash by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after acquiring an additional 9,264 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of FirstCash by 5.4% during the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company's stock valued at $67,193,000 after acquiring an additional 33,040 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Trading Up 1.4%

FCFS traded up $1.71 during trading on Friday, reaching $125.78. 227,400 shares of the company's stock were exchanged, compared to its average volume of 280,879. The stock has a market capitalization of $5.58 billion, a PE ratio of 21.95 and a beta of 0.62. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $135.57. The firm has a fifty day moving average price of $126.49 and a two-hundred day moving average price of $116.40. 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 released its earnings results 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 net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. During the same quarter in the prior year, the firm posted $1.55 EPS. The company's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FCFS. Wall Street Zen raised FirstCash from a "buy" rating to a "strong-buy" rating in a report on Saturday. Stephens restated an "overweight" rating and set a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th.

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.