Lisanti Capital Growth LLC Acquires New Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Lisanti Capital Growth LLC bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,385 shares of the company's stock, valued at approximately $1,370,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes 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. Rialto Wealth Management LLC acquired a new stake in FirstCash during the 4th quarter worth $31,000. CX Institutional acquired a new stake in FirstCash during the 1st quarter worth $42,000. J.Safra Asset Management Corp boosted its stake in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Finally, 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. Institutional investors and hedge funds own 80.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 7th.

Insider Activity

In related news, insider Howard F. Hambleton sold 3,900 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the sale, the insider now directly owns 32,481 shares in the company, valued at approximately $4,252,737.33. The trade was a 10.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.93% of the company's stock.

FirstCash Trading Down 2.3%

Shares of FCFS stock traded down $3.12 on Friday, hitting $134.51. 708,386 shares of the stock traded hands, compared to its average volume of 280,694. The firm's 50-day moving average price is $129.59 and its two-hundred day moving average price is $118.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. The stock has a market capitalization of $5.97 billion, a PE ratio of 21.52 and a beta of 0.62. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $138.42.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. The firm had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The company's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.13%. FirstCash's payout ratio is 24.32%.

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.