Rialto Wealth Management LLC Makes New $31,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Rialto Wealth Management LLC purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 303 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCFS. J.Safra Asset Management Corp lifted its holdings 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 acquiring an additional 127 shares during the last quarter. R Squared Ltd purchased a new stake in FirstCash in the fourth quarter valued at $92,000. KBC Group NV lifted its stake in shares of FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after purchasing an additional 94 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of FirstCash during the 3rd quarter worth about $204,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Up 0.1 %

Shares of NASDAQ FCFS opened at $115.42 on Monday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $111.48 and its two-hundred day moving average is $110.95. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 20.14 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current 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 issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is currently 26.53%.

Insider Buying and Selling

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the transaction, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an “overweight” rating and issued a $137.00 target price 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.