MetLife Investment Management LLC Acquires 3,316 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

MetLife Investment Management LLC grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,605 shares of the company's stock after buying an additional 3,316 shares during the period. MetLife Investment Management LLC owned 0.10% of FirstCash worth $4,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of FirstCash by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after acquiring an additional 9,264 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in FirstCash by 76.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock worth $135,046,000 after buying an additional 563,265 shares in the last quarter. Marshall Wace LLP grew its stake in FirstCash by 5,338.6% in the 4th quarter. Marshall Wace LLP now owns 137,597 shares of the company's stock worth $14,255,000 after buying an additional 135,067 shares in the last quarter. PEAK6 LLC bought a new position in shares of FirstCash in the 4th quarter worth $2,117,000. Finally, Jump Financial LLC raised its position in shares of FirstCash by 229.8% during the 4th quarter. Jump Financial LLC now owns 6,982 shares of the company's stock valued at $723,000 after buying an additional 4,865 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

FirstCash Trading Up 0.4 %

Shares of FirstCash stock traded up $0.50 during trading on Wednesday, reaching $133.96. The company's stock had a trading volume of 531,358 shares, compared to its average volume of 272,119. 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 $134.85. The firm's 50-day moving average is $119.40 and its two-hundred day moving average is $112.38. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 23.38 and a beta of 0.58.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.13%. FirstCash's payout ratio 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.