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

Kingsview Wealth Management LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock worth $27,000 after purchasing an additional 202 shares during the last quarter. CX Institutional acquired a new stake in FirstCash during the 1st quarter worth $42,000. UMB Bank n.a. boosted its stake in FirstCash by 167.5% during the 1st quarter. UMB Bank n.a. now owns 452 shares of the company's stock worth $54,000 after purchasing an additional 283 shares during the last quarter. CWM LLC boosted its stake in FirstCash by 92.9% during 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 last quarter. Finally, Quarry LP boosted its stake in FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after purchasing an additional 513 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the 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 sale, the insider directly owned 32,481 shares of the company's stock, valued at $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

FirstCash Price Performance

FirstCash stock traded up $0.18 during midday trading on Friday, reaching $132.60. 241,110 shares of the company were exchanged, compared to its average volume of 276,051. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.22 and a beta of 0.62. The firm's 50-day simple moving average is $130.45 and its 200-day simple moving average is $121.83. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $138.42. 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 earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.32. The business had revenue of $836.42 million during 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%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. On average, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

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 1.15%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

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.