New York State Common Retirement Fund Raises Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

New York State Common Retirement Fund grew its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 189,657 shares of the company's stock after buying an additional 4,552 shares during the period. New York State Common Retirement Fund owned approximately 0.42% of FirstCash worth $22,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of FirstCash by 808.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after purchasing an additional 202 shares during the period. CX Institutional bought a new position in FirstCash in the 1st quarter valued at about $42,000. UMB Bank n.a. raised its holdings in FirstCash by 167.5% in the 1st quarter. UMB Bank n.a. now owns 452 shares of the company's stock valued at $54,000 after acquiring an additional 283 shares during the period. Quarry LP raised its holdings in FirstCash by 986.5% in the 4th quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after acquiring an additional 513 shares during the period. Finally, Hurley Capital LLC bought a new position in FirstCash in the 4th quarter valued at about $74,000. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Up 0.1%

Shares of NASDAQ FCFS traded up $0.18 during mid-day trading on Friday, reaching $132.60. 241,110 shares of the company's stock traded hands, compared to its average volume of 275,935. The stock has a market cap of $5.88 billion, a P/E ratio of 21.22 and a beta of 0.62. The business has a 50-day simple moving average of $130.45 and a 200 day simple moving average of $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 current ratio of 4.39 and a quick ratio of 3.28.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.32. The business 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 firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. On average, analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is currently 24.32%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of 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 that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the sale, the insider owned 32,481 shares of the company's stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.93% of the stock is currently owned by company insiders.

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.