New South Capital Management Inc. Sells 179 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

New South Capital Management Inc. decreased its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,308 shares of the company’s stock after selling 179 shares during the period. New South Capital Management Inc. owned approximately 0.43% of FirstCash worth $21,962,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in FirstCash during the third quarter worth about $730,000. Crossmark Global Holdings Inc. raised its holdings in FirstCash by 21.0% in the third quarter. Crossmark Global Holdings Inc. now owns 2,967 shares of the company’s stock worth $341,000 after buying an additional 514 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in FirstCash in the third quarter worth about $1,576,000. Lifestyle Asset Management Inc. purchased a new position in shares of FirstCash during the third quarter valued at approximately $281,000. Finally, Stephens Inc. AR raised its holdings in shares of FirstCash by 8.7% during the third quarter. Stephens Inc. AR now owns 30,519 shares of the company’s stock valued at $3,504,000 after purchasing an additional 2,447 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

Shares of NASDAQ:FCFS traded down $0.11 on Tuesday, reaching $108.39. The company’s stock had a trading volume of 3,773 shares, compared to its average volume of 248,678. FirstCash Holdings, Inc. has a 52-week low of $101.62 and a 52-week high of $133.64. The company has a market cap of $4.85 billion, a P/E ratio of 20.09 and a beta of 0.64. The company has a 50-day simple moving average of $112.79 and a 200 day simple moving average of $112.84. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same quarter last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. FirstCash’s payout ratio is 28.15%.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares in the company, valued at $568,560,627.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the transaction, the director now directly owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock worth $1,909,562 in the last 90 days. 14.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th.

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.