Wolverine Trading LLC Decreases Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Wolverine Trading LLC cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 67.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,060 shares of the company's stock after selling 4,316 shares during the period. Wolverine Trading LLC's holdings in FirstCash were worth $212,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FCFS. Rialto Wealth Management LLC acquired a new position in FirstCash in the fourth quarter worth about $31,000. J.Safra Asset Management Corp lifted its stake in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares during the period. Quarry LP increased its stake in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares in the last quarter. Hurley Capital LLC acquired a new stake in FirstCash during the 4th quarter worth $74,000. Finally, R Squared Ltd bought a new position in FirstCash in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Stock Down 1.7%

NASDAQ:FCFS traded down $2.18 on Wednesday, hitting $124.38. The stock had a trading volume of 278,551 shares, compared to its average volume of 280,567. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $135.57. The business's fifty day moving average is $126.32 and its 200 day moving average is $115.96. The company has a market cap of $5.52 billion, a PE ratio of 21.71 and a beta of 0.62.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's payout ratio is 24.32%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Stephens restated an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

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.