FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Holdings Lifted by Algert Global LLC

Algert Global LLC lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 81.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,633 shares of the company's stock after acquiring an additional 10,183 shares during the period. Algert Global LLC owned 0.05% of FirstCash worth $2,345,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in FirstCash during the fourth quarter worth approximately $31,000. J.Safra Asset Management Corp boosted its holdings in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after acquiring an additional 127 shares during the last quarter. Quarry LP grew its position in FirstCash by 986.5% during the fourth 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. Hurley Capital LLC acquired a new stake in FirstCash during the fourth quarter worth about $74,000. Finally, R Squared Ltd purchased a new position in shares of FirstCash in the 4th quarter worth about $92,000. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Down 0.9 %

NASDAQ FCFS traded down $1.18 on Friday, reaching $132.75. The company had a trading volume of 282,820 shares, compared to its average volume of 274,703. The firm has a market capitalization of $5.89 billion, a PE ratio of 23.17 and a beta of 0.63. The firm has a 50-day moving average of $122.40 and a 200-day moving average of $113.48. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $135.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

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, 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 business had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. During the same period last year, the business earned $1.55 EPS. The business's revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 yield of 1.15%. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Stephens reissued an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

Insiders Place Their Bets

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.93% of the stock is 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.