Securian Asset Management Inc. Sells 100 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Securian Asset Management Inc. lowered its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,932 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in FirstCash were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in FirstCash by 13.6% during the fourth quarter. HighTower Advisors LLC now owns 8,502 shares of the company’s stock worth $881,000 after purchasing an additional 1,016 shares during the last quarter. King Luther Capital Management Corp lifted its stake in FirstCash by 9.8% during the fourth quarter. King Luther Capital Management Corp now owns 32,032 shares of the company’s stock worth $3,319,000 after purchasing an additional 2,856 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in FirstCash by 13.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,008 shares of the company’s stock worth $1,037,000 after purchasing an additional 1,208 shares during the last quarter. Amundi increased its holdings in shares of FirstCash by 75.6% in the fourth quarter. Amundi now owns 34,966 shares of the company’s stock worth $3,735,000 after buying an additional 15,053 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in shares of FirstCash in the fourth quarter worth about $31,000. Institutional investors own 80.30% of the company’s stock.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Stock Down 0.0 %

FCFS opened at $117.03 on Wednesday. The company has a market cap of $5.24 billion, a P/E ratio of 20.42 and a beta of 0.63. The business’s 50-day moving average price is $113.10 and its 200-day moving average price is $110.84. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. FirstCash’s dividend payout ratio is presently 26.53%.

Analyst Ratings Changes

Separately, Stephens reiterated an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

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.