Wealth Enhancement Advisory Services LLC Has $359,000 Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Wealth Enhancement Advisory Services LLC grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 15.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,129 shares of the company’s stock after buying an additional 412 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in FirstCash were worth $359,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in FirstCash in the 3rd quarter valued at approximately $553,000. CWA Asset Management Group LLC acquired a new position in shares of FirstCash in the third quarter valued at $1,576,000. Advantage Alpha Capital Partners LP bought a new position in FirstCash in the third quarter worth $3,707,000. Natixis Advisors LLC boosted its stake in FirstCash by 174.3% during the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after buying an additional 101,130 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in FirstCash by 163,545.2% during the second quarter. Cubist Systematic Strategies LLC now owns 50,730 shares of the company’s stock worth $5,321,000 after buying an additional 50,699 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Trading Up 0.3 %

Shares of FirstCash stock opened at $112.14 on Friday. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The stock has a market capitalization of $5.02 billion, a P/E ratio of 20.77 and a beta of 0.66. The company has a 50-day simple moving average of $106.09 and a 200 day simple moving average of $110.14. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.36%. FirstCash’s dividend payout ratio (DPR) is currently 28.15%.

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FCFS shares. Stephens assumed coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company. TD Cowen cut their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

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.