Los Angeles Capital Management LLC Makes New Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Los Angeles Capital Management LLC purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,040 shares of the company's stock, valued at approximately $1,739,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its holdings in FirstCash by 2.3% in the third quarter. FMR LLC now owns 6,556,669 shares of the company's stock valued at $658,158,000 after buying an additional 145,821 shares during the last quarter. Earnest Partners LLC increased its stake in FirstCash by 1.0% in the third quarter. Earnest Partners LLC now owns 2,206,042 shares of the company's stock valued at $221,442,000 after purchasing an additional 22,067 shares during the last quarter. Boston Partners raised its holdings in FirstCash by 43.6% during the third quarter. Boston Partners now owns 511,026 shares of the company's stock worth $51,858,000 after purchasing an additional 155,085 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FirstCash by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,461 shares of the company's stock worth $43,611,000 after buying an additional 3,617 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of FirstCash by 17.4% in the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company's stock valued at $42,837,000 after buying an additional 63,219 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the sale, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares of the company's stock, valued at $10,804,078.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 21,852 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the sale, the director now directly owns 5,502,761 shares of the company's stock, valued at approximately $659,781,043.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 283,996 shares of company stock worth $33,488,004. 18.08% of the stock is owned by insiders.

FirstCash Stock Performance

NASDAQ FCFS traded down $0.52 during trading on Wednesday, reaching $118.50. The company's stock had a trading volume of 173,281 shares, compared to its average volume of 223,840. FirstCash Holdings, Inc. has a twelve month low of $88.05 and a twelve month high of $133.64. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 23.19 and a beta of 0.63. The business's fifty day moving average price is $121.87 and its 200-day moving average price is $115.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The firm had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. During the same period in the prior year, the business earned $1.25 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 6.75 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.18%. FirstCash's dividend payout ratio is currently 27.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stephens boosted their price target on shares of FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, February 2nd. Loop Capital raised FirstCash from a "hold" rating to a "buy" rating and boosted their target price for the company from $125.00 to $140.00 in a report on Monday, April 29th. Finally, TD Cowen raised FirstCash from a "hold" rating to a "buy" rating and lifted their price target for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th.

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.