Point72 Asia Singapore Pte. Ltd. Acquires Shares of 519 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 519 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds also recently bought and sold shares of FCFS. Allspring Global Investments Holdings LLC bought a new position in shares of FirstCash during the 1st quarter worth $26,000. Whittier Trust Co. grew its position in shares of FirstCash by 62.2% during the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after buying an additional 176 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after buying an additional 482 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of FirstCash by 220.3% during the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after buying an additional 672 shares in the last quarter. Finally, Quarry LP grew its position in shares of FirstCash by 511.1% during the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after buying an additional 920 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling

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

FirstCash Price Performance

FCFS opened at $113.89 on Friday. FirstCash Holdings, Inc. has a 12-month low of $99.03 and a 12-month high of $133.64. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $115.80 and its 200-day simple moving average is $116.03. 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 (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The business had revenue of $831.00 million for the quarter, compared to the consensus estimate of $824.87 million. During the same quarter in the prior year, the company earned $1.22 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.33%. 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. FirstCash’s 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.