Renaissance Technologies LLC Cuts Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Renaissance Technologies LLC trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,041 shares of the company’s stock after selling 1,790 shares during the period. Renaissance Technologies LLC owned about 0.40% of FirstCash worth $19,092,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FCFS. Envestnet Portfolio Solutions Inc. boosted its position in FirstCash by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock worth $228,000 after purchasing an additional 95 shares during the period. Retirement Systems of Alabama boosted its position in shares of FirstCash by 0.3% in the first quarter. Retirement Systems of Alabama now owns 46,448 shares of the company’s stock worth $5,924,000 after buying an additional 122 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of FirstCash by 5.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock worth $298,000 after buying an additional 125 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of FirstCash by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after buying an additional 164 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of FirstCash by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock valued at $1,809,000 after buying an additional 168 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FirstCash

In other news, Director Douglas Richard Rippel sold 2,864 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the sale, the director now owns 4,743,159 shares of the company’s stock, valued at approximately $569,226,511.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64. Following the sale, the director now directly owns 4,743,159 shares of the company’s stock, valued at $569,226,511.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,912,562 in the last ninety days. 14.77% of the stock is owned by insiders.

FirstCash Stock Down 1.5 %

Shares of FirstCash stock opened at $117.37 on Friday. FirstCash Holdings, Inc. has a 1-year low of $94.55 and a 1-year high of $133.64. The company has a market capitalization of $5.34 billion, a PE ratio of 22.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04. The business has a 50-day moving average of $114.93 and a 200-day moving average of $116.23.

FirstCash (NASDAQ:FCFS) last issued 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. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. During the same quarter last year, the firm earned $1.22 EPS. FirstCash’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, BTIG Research started coverage on FirstCash in a report on Friday, June 7th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, FirstCash presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.

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.