Exchange Traded Concepts LLC Raises Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Exchange Traded Concepts LLC boosted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,144 shares of the company’s stock after buying an additional 442 shares during the quarter. Exchange Traded Concepts LLC’s holdings in FirstCash were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FCFS. Allspring Global Investments Holdings LLC purchased a new stake in FirstCash in the first quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FirstCash during the second quarter valued at approximately $54,000. Whittier Trust Co. boosted its stake in shares of FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the period. CWM LLC boosted its stake in shares of FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of FirstCash by 28.9% during the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ:FCFS opened at $112.75 on Friday. The firm has a market cap of $5.13 billion, a PE ratio of 21.98 and a beta of 0.62. FirstCash Holdings, Inc. has a fifty-two week low of $100.39 and a fifty-two 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. The business has a 50 day moving average price of $116.22 and a 200-day moving average price of $115.34.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Equities research analysts predict that FirstCash Holdings, Inc. will post 6.52 earnings per share for the current year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio is 29.63%.

Insider Activity

In related news, Director Douglas Richard Rippel sold 7,316 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the transaction, the director now owns 4,735,843 shares in the company, valued at $568,206,443.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 owns 90,715 shares in the company, valued at $9,722,833.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now owns 4,735,843 shares of the company’s stock, valued at approximately $568,206,443.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,154 shares of company stock valued at $1,912,562. 14.77% of the stock is currently owned by company insiders.

About FirstCash

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.