FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Holdings Reduced by New South Capital Management Inc.

New South Capital Management Inc. lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,054 shares of the company’s stock after selling 14,254 shares during the quarter. New South Capital Management Inc.’s holdings in FirstCash were worth $18,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in FirstCash in the third quarter valued at about $553,000. CWA Asset Management Group LLC acquired a new stake in shares of FirstCash in the third quarter worth about $1,576,000. Advantage Alpha Capital Partners LP acquired a new stake in shares of FirstCash in the third quarter worth about $3,707,000. Natixis Advisors LLC lifted its position in shares of FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after buying an additional 101,130 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of FirstCash by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company’s stock worth $13,531,000 after buying an additional 4,483 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was 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 $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value 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 represents 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 insiders.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $113.76 on Thursday. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The business has a 50-day moving average of $110.99 and a two-hundred day moving average of $111.03. The stock has a market capitalization of $5.09 billion, a P/E ratio of 19.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. FirstCash’s dividend payout ratio is presently 26.53%.

Wall Street Analysts Forecast Growth

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

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.