Knights of Columbus Asset Advisors LLC Sells 3,794 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in FirstCash Holdings, Inc. by 19.9%, selling 3,794 shares and leaving them with a total of 15,291 shares valued at approximately $1.84 million.
• Farther Finance Advisors LLC significantly increased its holdings in FirstCash by 808%, owning 227 shares valued at $27,000 after acquiring an additional 202 shares recently.
• FirstCash announced an increase in its quarterly dividend to $0.42, with a payout ratio of 23.35%, representing a 1.37% yield for shareholders of record.

Knights of Columbus Asset Advisors LLC lessened its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 19.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,291 shares of the company's stock after selling 3,794 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in FirstCash were worth $1,840,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 22,009 shares in the last quarter. Earnest Partners LLC increased its stake in FirstCash by 2.3% during the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock valued at $242,286,000 after acquiring an additional 52,409 shares during the period. Fiduciary Management Inc. WI increased its stake in FirstCash by 76.1% during the fourth 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 period. Dimensional Fund Advisors LP boosted its holdings in FirstCash by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after purchasing an additional 9,264 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of 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 acquiring an additional 112,349 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

FirstCash Trading Down 1.9%

Shares of NASDAQ:FCFS traded down $2.37 during mid-day trading on Monday, reaching $120.08. 338,946 shares of the company's stock were exchanged, compared to its average volume of 297,106. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $138.42. The business's fifty day moving average price is $130.42 and its 200-day moving average price is $122.90. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 18.45 and a beta of 0.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business had revenue of $830.62 million for the quarter, compared to analysts' expectations of $820.42 million. During the same period in the previous year, the company earned $1.37 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.40%. This is a boost from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date is Friday, August 15th. FirstCash's dividend payout ratio (DPR) is currently 23.35%.

Analyst Ratings Changes

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.

Insider Activity

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.77% of the stock is currently owned by insiders.

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.