Trexquant Investment LP Makes New $3.36 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Trexquant Investment LP bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 32,444 shares of the company's stock, valued at approximately $3,361,000. Trexquant Investment LP owned approximately 0.07% of FirstCash at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCFS. Vanguard Group Inc. grew its holdings in shares of FirstCash by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after buying an additional 22,009 shares in the last quarter. State Street Corp boosted its position in FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after acquiring an additional 28,415 shares during the last quarter. Sei Investments Co. grew its stake in shares of FirstCash by 5.4% during the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after acquiring an additional 33,040 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of FirstCash by 28.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock valued at $58,076,000 after purchasing an additional 123,386 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of FirstCash by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock worth $53,866,000 after purchasing an additional 21,685 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Stock Up 1.0 %

Shares of NASDAQ:FCFS traded up $1.25 during trading on Friday, hitting $120.62. 400,709 shares of the company were exchanged, compared to its average volume of 268,131. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 21.05 and a beta of 0.58. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $116.72 and a two-hundred day moving average price of $111.29.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.26%. FirstCash's dividend payout ratio (DPR) is currently 26.53%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated 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. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

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.