Knights of Columbus Asset Advisors LLC Cuts Position in 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 cut its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after acquiring an additional 202 shares during the last quarter. CX Institutional bought a new position in shares of FirstCash during the 1st quarter worth approximately $42,000. UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 283 shares in the last quarter. Quarry LP boosted its holdings in shares of FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after buying an additional 513 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of FirstCash by 92.9% during the 1st quarter. CWM LLC now owns 517 shares of the company's stock worth $62,000 after buying an additional 249 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Howard F. Hambleton sold 3,900 shares of the company'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 sale, the insider directly owned 32,481 shares of the company's stock, valued at $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.77% of the company's stock.

FirstCash Price Performance

Shares of FCFS traded up $5.87 during trading hours on Wednesday, reaching $129.13. 176,336 shares of the company's stock traded hands, compared to its average volume of 298,015. The stock has a market cap of $5.73 billion, a PE ratio of 19.75 and a beta of 0.62. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The firm's 50 day simple moving average is $130.18 and its 200-day simple moving average is $123.00. 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 results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. The firm had revenue of $830.62 million during the quarter, compared to the consensus estimate of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. Equities analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.42 dividend. This is a boost from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, August 15th. FirstCash's payout ratio is 23.35%.

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.