Fourth Sail Capital LP Purchases New Stake in FirstCash Holdings, Inc. $FCFS

Fourth Sail Capital LP purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 109,416 shares of the company’s stock, valued at approximately $17,439,000. FirstCash comprises about 2.8% of Fourth Sail Capital LP’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Profund Advisors LLC increased its stake in FirstCash by 4.9% during the third quarter. Profund Advisors LLC now owns 1,632 shares of the company’s stock worth $259,000 after acquiring an additional 76 shares during the last quarter. Ascent Group LLC increased its stake in FirstCash by 6.0% during the fourth quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock worth $227,000 after acquiring an additional 81 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in FirstCash by 1.0% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 8,703 shares of the company’s stock worth $1,379,000 after acquiring an additional 85 shares during the last quarter. Pullen Investment Management LLC increased its stake in FirstCash by 0.4% during the fourth quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock worth $3,230,000 after acquiring an additional 87 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in FirstCash by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 8,260 shares of the company’s stock worth $1,393,000 after acquiring an additional 89 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction on Friday, June 5th. The stock was sold at an average price of $225.23, for a total value of $1,539,447.05. Following the completion of the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the sale, the insider directly owned 32,406 shares of the company’s stock, valued at $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 27,500 shares of company stock valued at $6,243,104. Insiders own 2.86% of the company’s stock.

FirstCash Trading Up 3.0%

Shares of NASDAQ FCFS opened at $224.89 on Friday. FirstCash Holdings, Inc. has a twelve month low of $119.21 and a twelve month high of $235.97. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $216.66 and a 200-day simple moving average of $189.10. The stock has a market capitalization of $9.86 billion, a PE ratio of 28.18 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The company’s revenue was up 25.7% on a year-over-year basis. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.7%. FirstCash’s payout ratio is presently 21.05%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group raised their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. TD Cowen raised their target price on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Finally, Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $198.00.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.