Allspring Global Investments Holdings LLC Makes New $343,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Allspring Global Investments Holdings LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,309 shares of the company’s stock, valued at approximately $343,000.

A number of other hedge funds also recently made changes to their positions in the business. Summit Trail Advisors LLC lifted its stake in FirstCash by 43.5% in the fourth quarter. Summit Trail Advisors LLC now owns 5,446 shares of the company’s stock valued at $564,000 after purchasing an additional 1,650 shares during the last quarter. Savant Capital LLC bought a new position in shares of FirstCash in the fourth quarter valued at approximately $254,000. Vaughan Nelson Investment Management L.P. grew its stake in FirstCash by 28.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock valued at $58,076,000 after acquiring an additional 123,386 shares in the last quarter. Stephens Inc. AR raised its position in shares of FirstCash by 14.4% in the fourth quarter. Stephens Inc. AR now owns 34,927 shares of the company’s stock worth $3,618,000 after buying an additional 4,408 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in FirstCash during the fourth quarter valued at $275,000. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.77% of the company’s stock.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $114.60 on Wednesday. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 20.00 and a beta of 0.67. The company’s fifty day moving average price is $109.87 and its 200-day moving average price is $111.24.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be 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 is Friday, February 14th. FirstCash’s dividend payout ratio is currently 26.53%.

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.