Bryce Point Capital LLC Invests $1.61 Million in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bryce Point Capital LLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 15,561 shares of the company’s stock, valued at approximately $1,612,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after buying an additional 94 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of FirstCash by 2.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after purchasing an additional 105 shares during the period. Sanctuary Advisors LLC increased its holdings in FirstCash by 1.8% in the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock valued at $826,000 after purchasing an additional 127 shares during the last quarter. J.Safra Asset Management Corp raised its position in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after purchasing an additional 138 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FirstCash Trading Up 0.6 %

Shares of FCFS stock opened at $121.05 on Wednesday. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The company has a 50 day moving average price of $114.90 and a 200 day moving average price of $110.95. The stock has a market capitalization of $5.42 billion, a P/E ratio of 21.13 and a beta of 0.63. 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 (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping 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%. Equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.26%. FirstCash’s dividend payout ratio (DPR) is 26.53%.

Insider Buying and Selling at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

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.