Barclays PLC Purchases 20,550 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Barclays PLC grew its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,357 shares of the company’s stock after acquiring an additional 20,550 shares during the quarter. Barclays PLC owned 0.23% of FirstCash worth $10,605,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new position in FirstCash in the fourth quarter worth $31,000. J.Safra Asset Management Corp raised its stake in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares in the last quarter. Hurley Capital LLC bought a new position in shares of FirstCash during the 4th quarter worth about $74,000. R Squared Ltd acquired a new stake in shares of FirstCash during the 4th quarter valued at about $92,000. Finally, Parkside Financial Bank & Trust increased its stake in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Up 1.0 %

Shares of NASDAQ FCFS opened at $121.61 on Wednesday. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The business has a fifty day moving average of $117.64 and a two-hundred day moving average of $111.65. The stock has a market cap of $5.44 billion, a PE ratio of 21.22 and a beta of 0.58.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating 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, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal 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 given 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 1.25%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and set a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

Insider Activity at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were 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 $502,706,900.67. This represents a 6.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

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.