Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Insider Sells $510,627.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard F. Hambleton sold 3,900 shares of the company’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider now directly owns 32,481 shares of the company’s stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $131.18 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. The firm has a market capitalization of $5.82 billion, a PE ratio of 22.89 and a beta of 0.62. The stock’s 50-day simple moving average is $127.14 and its 200-day simple moving average is $116.95.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. The company had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 earnings per share. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. FirstCash’s dividend payout ratio is presently 24.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in FirstCash during the 1st quarter worth approximately $397,000. Jane Street Group LLC raised its position in FirstCash by 237.2% in the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock valued at $7,467,000 after purchasing an additional 43,653 shares during the last quarter. United Services Automobile Association purchased a new stake in FirstCash in the 1st quarter valued at $294,000. Goldman Sachs Group Inc. raised its position in FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after purchasing an additional 34,364 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in FirstCash in the 1st quarter valued at $334,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FCFS shares. Wall Street Zen raised FirstCash from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 7th. Stephens reissued an “overweight” rating and set a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th.

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.