Tidal Investments LLC Acquires New Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Tidal Investments LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 209,471 shares of the company's stock, valued at approximately $21,701,000. Tidal Investments LLC owned about 0.47% of FirstCash as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after purchasing an additional 94 shares during the period. Integrated Investment Consultants LLC increased its position in shares of FirstCash by 2.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock worth $476,000 after acquiring an additional 105 shares during the period. Bank of Nova Scotia increased its position in shares of FirstCash by 3.6% during the fourth quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock worth $353,000 after acquiring an additional 117 shares during the period. Sanctuary Advisors LLC increased its position in shares of FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock worth $826,000 after acquiring an additional 127 shares during the period. Finally, J.Safra Asset Management Corp increased its position in shares of FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on FCFS. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Stephens reaffirmed an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research report on Wednesday, February 19th.

FirstCash Stock Performance

Shares of FCFS traded up $0.50 during mid-day trading on Friday, hitting $127.50. 258,120 shares of the company's stock were exchanged, compared to its average volume of 278,936. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. The firm has a market capitalization of $5.66 billion, a P/E ratio of 22.25 and a beta of 0.63. The business's 50 day moving average is $124.96 and its two-hundred day moving average is $114.95. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. During the same quarter last year, the firm earned $1.55 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. FirstCash's dividend payout ratio (DPR) is 24.32%.

About FirstCash

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.