Commonwealth Equity Services LLC Sells 585 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Commonwealth Equity Services LLC lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,033 shares of the company’s stock after selling 585 shares during the period. Commonwealth Equity Services LLC’s holdings in FirstCash were worth $528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of FirstCash in the 1st quarter valued at $26,000. Principal Securities Inc. acquired a new stake in shares of FirstCash during the 4th quarter worth approximately $51,000. Whittier Trust Co. increased its holdings 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 during the last quarter. EntryPoint Capital LLC grew its stake in shares of FirstCash by 134.3% in the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after acquiring an additional 482 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of FirstCash in the fourth quarter worth $108,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction on 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 of the company’s stock, valued at $567,540,367.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at approximately $567,540,367.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock valued at $1,912,562 over the last quarter. Company insiders own 14.77% of the company’s stock.

FirstCash Trading Down 1.5 %

Shares of FirstCash stock opened at $117.37 on Friday. FirstCash Holdings, Inc. has a 52-week low of $94.55 and a 52-week high of $133.64. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85. The company’s 50-day simple moving average is $114.93 and its 200-day simple moving average is $116.23. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 22.88 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. This is an increase from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio (DPR) is currently 29.63%.

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.