FirstCash Holdings, Inc. (NASDAQ:FCFS) Short Interest Update

FirstCash Holdings, Inc. (NASDAQ:FCFS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 775,900 shares, a drop of 9.1% from the September 15th total of 853,400 shares. Based on an average daily trading volume, of 262,900 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.0% of the shares of the stock are sold short.

Insider Activity

In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the sale, the director now owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the completion of the sale, the director now directly owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,154 shares of company stock worth $1,912,562. 14.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FirstCash

A number of large investors have recently modified their holdings of FCFS. Vanguard Group Inc. lifted its holdings in FirstCash by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after buying an additional 219,983 shares during the period. Quadrature Capital Ltd bought a new stake in shares of FirstCash during the fourth quarter valued at approximately $1,752,000. Kapitalo Investimentos Ltda grew its stake in FirstCash by 526.6% in the fourth quarter. Kapitalo Investimentos Ltda now owns 4,468 shares of the company’s stock worth $484,000 after purchasing an additional 3,755 shares during the period. Annex Advisory Services LLC lifted its position in FirstCash by 24.0% during the first quarter. Annex Advisory Services LLC now owns 80,596 shares of the company’s stock valued at $10,279,000 after buying an additional 15,595 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of FirstCash by 48.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,016 shares of the company’s stock valued at $385,000 after buying an additional 981 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Trading Down 0.4 %

Shares of NASDAQ FCFS traded down $0.49 during trading hours on Thursday, hitting $114.23. The company’s stock had a trading volume of 103,751 shares, compared to its average volume of 242,374. The business has a 50-day simple moving average of $116.26 and a 200-day simple moving average of $115.43. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 22.27 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. FirstCash has a 12 month low of $100.39 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $824.87 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. On average, analysts anticipate that FirstCash will post 6.52 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.33%. FirstCash’s dividend payout ratio is 29.63%.

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.