Rhumbline Advisers Grows Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Rhumbline Advisers grew its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,592 shares of the company’s stock after purchasing an additional 5,847 shares during the period. Rhumbline Advisers owned approximately 0.27% of FirstCash worth $12,701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FCFS. CWM LLC raised 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 acquiring an additional 348 shares during the last quarter. R Squared Ltd purchased a new stake in FirstCash in the fourth quarter worth approximately $92,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FirstCash in the third quarter worth approximately $133,000. KBC Group NV raised its position in FirstCash by 20.5% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after acquiring an additional 205 shares during the period. Finally, Franklin Resources Inc. bought a new position in FirstCash in the third quarter worth approximately $204,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Up 0.3 %

NASDAQ:FCFS opened at $114.59 on Monday. The company has a market cap of $5.13 billion, a PE ratio of 20.00 and a beta of 0.67. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The company’s 50 day moving average is $109.50 and its two-hundred day moving average is $111.23.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Insider Activity

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction on 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 owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now 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 position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th. TD Cowen decreased their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th.

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.