Callan Family Office LLC Makes New $397,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Callan Family Office LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,829 shares of the company’s stock, valued at approximately $397,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. State Street Corp increased its holdings in shares of FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after purchasing an additional 28,415 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after acquiring an additional 123,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FirstCash by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock valued at $53,866,000 after acquiring an additional 21,685 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of FirstCash by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock valued at $40,164,000 after acquiring an additional 30,948 shares during the period. Institutional investors own 80.30% of the company’s stock.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on 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. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. The trade was a 6.34 % 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.

Wall Street Analysts Forecast Growth

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

FirstCash Stock Up 0.1 %

Shares of FirstCash stock opened at $115.42 on Monday. The firm’s 50 day moving average price is $111.48 and its 200-day moving average price is $110.95. The company has a market cap of $5.17 billion, a P/E ratio of 20.14 and a beta of 0.63. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS 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 given a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.32%. FirstCash’s dividend payout ratio is currently 26.53%.

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.