Crown Advisors Management Inc. Makes New Investment in FirstCash Holdings, Inc. $FCFS

Crown Advisors Management Inc. purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $8,653,000. FirstCash comprises approximately 4.8% of Crown Advisors Management Inc.’s portfolio, making the stock its 6th biggest position. Crown Advisors Management Inc. owned 0.09% of FirstCash as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Harbor Investment Advisory LLC acquired a new position in shares of FirstCash in the 1st quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new stake in shares of FirstCash in the 1st quarter worth approximately $29,000. CIBC Private Wealth Group LLC lifted its stake in FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares during the last quarter. High Point Wealth Management LLC acquired a new stake in FirstCash during the fourth quarter valued at approximately $33,000. Finally, Assetmark Inc. boosted its holdings in FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling

In related news, SVP Raul Ramos sold 6,835 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the completion of the transaction, the senior vice president owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total transaction of $679,230.00. Following the transaction, the insider owned 32,406 shares in the company, valued at approximately $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,000 shares of company stock valued at $2,950,204 in the last ninety days. Company insiders own 2.86% of the company’s stock.

FirstCash Price Performance

FCFS stock opened at $214.75 on Monday. FirstCash Holdings, Inc. has a one year low of $135.64 and a one year high of $235.97. The firm has a 50-day moving average of $214.79 and a two-hundred day moving average of $205.58. The firm has a market capitalization of $9.31 billion, a PE ratio of 24.51 and a beta of 0.53. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. On average, analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is currently 19.18%.

Wall Street Analyst Weigh In

FCFS has been the topic of several recent research reports. Canaccord Genuity Group lifted their price target on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. TD Cowen increased their price objective on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings raised FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Finally, Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $249.00.

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.