Oppenheimer & Co. Inc. Purchases New Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Oppenheimer & Co. Inc. bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,775 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Management Inc. WI boosted its stake in shares of FirstCash by 76.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock worth $135,046,000 after purchasing an additional 563,265 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of FirstCash by 26,021.8% during the 1st quarter. GAMMA Investing LLC now owns 259,651 shares of the company's stock worth $31,241,000 after purchasing an additional 258,657 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of FirstCash by 349.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 294,281 shares of the company's stock worth $30,488,000 after purchasing an additional 228,784 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of FirstCash during the 4th quarter worth about $21,701,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of FirstCash during the 4th quarter worth about $18,169,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Howard F. Hambleton sold 3,900 shares of the firm'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 value of $510,627.00. Following the transaction, the insider owned 32,481 shares in the company, valued at approximately $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.93% of the company's stock.

FirstCash Trading Up 0.1%

Shares of FCFS traded up $0.10 during mid-day trading on Friday, hitting $136.86. The company had a trading volume of 128,319 shares, compared to its average volume of 280,245. The business's 50-day simple moving average is $130.68 and its 200-day simple moving average is $119.92. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $138.42. The stock has a market cap of $6.07 billion, a PE ratio of 21.90 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The business had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. During the same period last year, the company earned $1.55 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were given a $0.38 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.11%. FirstCash's dividend payout ratio is presently 24.32%.

Wall Street Analysts Forecast Growth

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.

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.