Jupiter Asset Management Ltd. acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,697 shares of the company’s stock, valued at approximately $345,000.
A number of other institutional investors have also recently modified their holdings of the stock. Cetera Advisor Networks LLC raised its stake in FirstCash by 8.0% in the second quarter. Cetera Advisor Networks LLC now owns 5,451 shares of the company’s stock valued at $509,000 after purchasing an additional 405 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of FirstCash by 169.0% in the 2nd quarter. Citigroup Inc. now owns 18,447 shares of the company’s stock valued at $1,722,000 after purchasing an additional 11,589 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake in shares of FirstCash by 103.8% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 9,414 shares of the company’s stock valued at $940,000 after purchasing an additional 4,794 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FirstCash by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,764 shares of the company’s stock worth $90,880,000 after buying an additional 19,071 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new stake in shares of FirstCash during the 2nd quarter worth $369,000. 77.28% of the stock is currently owned by institutional investors.
FirstCash Price Performance
Shares of NASDAQ FCFS opened at $112.25 on Tuesday. The company has a quick ratio of 2.90, a current ratio of 3.89 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $5.06 billion, a PE ratio of 22.49 and a beta of 0.77. The firm has a fifty day simple moving average of $103.17 and a 200 day simple moving average of $97.87. FirstCash Holdings, Inc. has a twelve month low of $85.30 and a twelve month high of $112.86.
FirstCash Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 14th. FirstCash’s dividend payout ratio is presently 28.06%.
Insiders Place Their Bets
In related news, insider Howard F. Hambleton sold 3,670 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $109.08, for a total transaction of $400,323.60. Following the transaction, the insider now directly owns 19,451 shares of the company’s stock, valued at approximately $2,121,715.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Douglas Richard Rippel sold 17,128 shares of FirstCash stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $109.49, for a total transaction of $1,875,344.72. Following the transaction, the director now owns 6,080,123 shares of the company’s stock, valued at $665,712,667.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Howard F. Hambleton sold 3,670 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $109.08, for a total value of $400,323.60. Following the transaction, the insider now owns 19,451 shares in the company, valued at $2,121,715.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 476,235 shares of company stock worth $49,156,034. 18.08% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on FCFS shares. Stephens reissued an “overweight” rating and issued a $120.00 target price on shares of FirstCash in a report on Tuesday, September 12th. TD Cowen started coverage on shares of FirstCash in a research report on Wednesday, November 1st. They issued a “market perform” rating and a $120.00 target price on the stock. Finally, StockNews.com started coverage on shares of FirstCash in a report on Thursday, October 5th. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.33.
FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. 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.
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