Duality Advisers LP Purchases New Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Duality Advisers LP purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,918 shares of the company's stock, valued at approximately $1,075,000.

A number of other institutional investors have also bought and sold shares of the company. State of Michigan Retirement System boosted its position in FirstCash by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 8,915 shares of the company's stock valued at $966,000 after acquiring an additional 100 shares during the last quarter. Covestor Ltd raised its holdings in shares of FirstCash by 16.2% during the third quarter. Covestor Ltd now owns 985 shares of the company's stock valued at $99,000 after purchasing an additional 137 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of FirstCash by 39.9% during the third quarter. Parkside Financial Bank & Trust now owns 701 shares of the company's stock valued at $70,000 after purchasing an additional 200 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of FirstCash by 86.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company's stock valued at $44,000 after purchasing an additional 205 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of FirstCash by 20.5% during the fourth quarter. Blue Trust Inc. now owns 1,569 shares of the company's stock valued at $157,000 after purchasing an additional 267 shares during the period. Institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FCFS shares. Stephens upped their target price 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 target price for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th.

FirstCash Stock Performance

Shares of FirstCash stock traded down $0.47 on Wednesday, reaching $132.03. 354,125 shares of the company traded hands, compared to its average volume of 203,347. FirstCash Holdings, Inc. has a 52 week low of $88.05 and a 52 week high of $133.64. The company has a 50 day moving average of $122.28 and a 200 day moving average of $114.56. The firm has a market capitalization of $5.96 billion, a PE ratio of 27.51 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96.

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

FirstCash Announces Dividend

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 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash's dividend payout ratio (DPR) is currently 29.17%.

Insider Activity

In other news, Director Douglas Richard Rippel sold 31,930 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the sale, the director now owns 5,767,238 shares in the company, valued at approximately $690,223,043.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the firm's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the sale, the chief financial officer now owns 94,715 shares of the company's stock, valued at approximately $11,010,618.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 31,930 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the completion of the sale, the director now directly owns 5,767,238 shares in the company, valued at approximately $690,223,043.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is currently owned by corporate 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.