Algert Global LLC Has $1.07 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Algert Global LLC grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 60.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,220 shares of the company’s stock after purchasing an additional 3,863 shares during the period. Algert Global LLC’s holdings in FirstCash were worth $1,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in FirstCash in the 4th quarter worth $1,752,000. SG Capital Management LLC acquired a new stake in FirstCash in the 1st quarter worth $3,348,000. Sei Investments Co. grew its position in FirstCash by 6.3% in the 1st quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock worth $77,983,000 after purchasing an additional 36,181 shares during the last quarter. Stephens Inc. AR grew its position in FirstCash by 23.6% in the 4th quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock worth $3,050,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in FirstCash by 10.2% in the 1st quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company’s stock worth $10,230,000 after purchasing an additional 7,399 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 2,864 shares of FirstCash stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64. Following the transaction, the director now directly owns 4,743,159 shares of the company’s stock, valued at $569,226,511.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock valued at $1,912,562 in the last ninety days. Insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on shares of FirstCash in a report on Friday, June 7th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FirstCash currently has an average rating of “Moderate Buy” and an average target price of $142.00.

FirstCash Price Performance

NASDAQ:FCFS opened at $113.89 on Friday. The company has a 50-day moving average of $115.76 and a 200-day moving average of $116.07. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 22.20 and a beta of 0.62. FirstCash Holdings, Inc. has a 52 week low of $99.03 and a 52 week high of $133.64. 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 (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $831.00 million during the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $1.22 EPS. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.38 per share. This is an increase from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, August 15th. FirstCash’s dividend payout ratio (DPR) is currently 29.63%.

FirstCash 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.