Monument Capital Management Invests $2.14 Million in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Monument Capital Management purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,697 shares of the company's stock, valued at approximately $2,135,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of FirstCash by 86.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company's stock valued at $44,000 after acquiring an additional 205 shares in the last quarter. Headinvest LLC bought a new stake in FirstCash in the third quarter worth $50,000. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 39.9% in the third quarter. Parkside Financial Bank & Trust now owns 701 shares of the company's stock worth $70,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd boosted its holdings in FirstCash by 16.2% in the third quarter. Covestor Ltd now owns 985 shares of the company's stock worth $99,000 after purchasing an additional 137 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its holdings in FirstCash by 368.3% in the third quarter. Ronald Blue Trust Inc. now owns 1,302 shares of the company's stock worth $121,000 after purchasing an additional 1,024 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Performance

FirstCash stock traded up $0.18 on Monday, reaching $130.59. 231,635 shares of the stock were exchanged, compared to its average volume of 199,610. The stock has a market cap of $5.89 billion, a PE ratio of 27.21 and a beta of 0.62. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. FirstCash Holdings, Inc. has a twelve month low of $88.05 and a twelve month high of $133.46. The firm has a fifty day moving average price of $121.52 and a two-hundred day moving average price of $114.00.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.25. The firm had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The business's revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS. Sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.93 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, February 13th. FirstCash's dividend payout ratio is currently 29.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FCFS. Stephens upped their price objective on shares of FirstCash from $131.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a "hold" rating to a "buy" rating and upped their price objective for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th.

Insider Activity

In other news, CFO R Douglas Orr sold 3,000 shares of the company's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares of the company's stock, valued at $11,010,618.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the sale, the director now directly owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the sale, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 329,984 shares of company stock valued at $38,850,386. Insiders own 18.08% of the company's stock.

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.