FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 36.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,028 shares of the company’s stock after purchasing an additional 23,144 shares during the quarter. Millennium Management LLC owned approximately 0.19% of FirstCash worth $9,023,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in FirstCash by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after acquiring an additional 219,983 shares during the period. American Century Companies Inc. grew its position in shares of FirstCash by 66.0% in the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock valued at $46,869,000 after purchasing an additional 177,698 shares during the period. Acadian Asset Management LLC increased its stake in shares of FirstCash by 753.4% during the first quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock worth $20,560,000 after purchasing an additional 142,391 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of FirstCash by 1,216.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock worth $13,430,000 after purchasing an additional 97,300 shares during the last quarter. Finally, Boston Partners lifted its stake in FirstCash by 17.8% in the 1st quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after buying an additional 94,010 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Trading Down 0.0 %

FCFS stock opened at $112.99 on Wednesday. The business’s 50-day moving average is $115.88 and its 200 day moving average is $115.92. FirstCash Holdings, Inc. has a 12-month low of $99.03 and a 12-month high of $133.64. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 22.03 and a beta of 0.62. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.38 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, August 15th. FirstCash’s dividend payout ratio (DPR) is currently 29.63%.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of the business’s 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 transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the sale, the director now owns 4,731,869 shares of the company’s stock, valued at approximately $567,540,367.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,154 shares of company stock worth $1,912,562. 14.77% of the stock is owned by 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.