Kingsview Wealth Management LLC Invests $2.85 Million in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Kingsview Wealth Management LLC acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,665 shares of the company's stock, valued at approximately $2,847,000. Kingsview Wealth Management LLC owned approximately 0.05% of FirstCash at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Edgestream Partners L.P. raised its holdings in shares of FirstCash by 9.3% during the 1st quarter. Edgestream Partners L.P. now owns 11,169 shares of the company's stock valued at $1,344,000 after buying an additional 950 shares in the last quarter. CWM LLC increased its stake in FirstCash by 92.9% in the 1st quarter. CWM LLC now owns 517 shares of the company's stock worth $62,000 after purchasing an additional 249 shares during the period. Louisiana State Employees Retirement System increased its stake in FirstCash by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock worth $1,311,000 after purchasing an additional 100 shares during the period. Stephens Investment Management Group LLC increased its stake in FirstCash by 14.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock worth $106,945,000 after purchasing an additional 112,349 shares during the period. Finally, New York State Common Retirement Fund increased its stake in FirstCash by 2.5% in the 1st quarter. New York State Common Retirement Fund now owns 189,657 shares of the company's stock worth $22,820,000 after purchasing an additional 4,552 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th.

FirstCash Trading Up 1.5%

FirstCash stock traded up $1.99 during trading hours on Tuesday, reaching $133.50. The company had a trading volume of 271,737 shares, compared to its average volume of 276,179. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.39 and a quick ratio of 3.28. The company has a 50-day moving average price of $130.45 and a 200 day moving average price of $122.09. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 21.36 and a beta of 0.62. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $138.42.

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, topping 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 firm had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. During the same period last year, the company earned $1.55 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. Equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, May 15th. FirstCash's payout ratio is 24.32%.

Insider Transactions at FirstCash

In other news, insider Howard F. Hambleton sold 3,900 shares of the business's stock in a transaction on 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 transaction, 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 through this link. Insiders own 14.77% of the company's stock.

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.