Jupiter Asset Management Ltd. Invests $345,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Jupiter Asset Management Ltd. bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,697 shares of the company’s stock, valued at approximately $345,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Martingale Asset Management L P grew its holdings in shares of FirstCash by 2.3% in the 1st quarter. Martingale Asset Management L P now owns 4,506 shares of the company’s stock valued at $430,000 after acquiring an additional 100 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in FirstCash by 3.1% during the first quarter. Moneta Group Investment Advisors LLC now owns 4,051 shares of the company’s stock worth $386,000 after acquiring an additional 122 shares in the last quarter. Arizona State Retirement System lifted its stake in FirstCash by 1.1% in the first quarter. Arizona State Retirement System now owns 11,407 shares of the company’s stock valued at $1,088,000 after acquiring an additional 126 shares during the last quarter. MML Investors Services LLC grew its position in shares of FirstCash by 6.5% in the 1st quarter. MML Investors Services LLC now owns 2,602 shares of the company’s stock valued at $248,000 after acquiring an additional 158 shares during the period. Finally, Zions Bancorporation N.A. increased its stake in shares of FirstCash by 1.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 13,602 shares of the company’s stock worth $1,269,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 77.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen initiated coverage on FirstCash in a research note on Wednesday, November 1st. They issued a “market perform” rating and a $120.00 price objective on the stock. StockNews.com initiated coverage on FirstCash in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Stephens reiterated an “overweight” rating and issued a $120.00 price objective on shares of FirstCash in a report on Tuesday, September 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.33.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $112.25 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.89 and a quick ratio of 2.90. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 22.49 and a beta of 0.77. The stock’s fifty day moving average price is $103.17 and its two-hundred day moving average price is $97.87. FirstCash Holdings, Inc. has a one year low of $85.30 and a one year high of $112.86.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, October 26th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The business had revenue of $786.30 million for the quarter, compared to analyst estimates of $812.52 million. FirstCash had a net margin of 7.54% and a return on equity of 13.78%. FirstCash’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 5.86 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.40 annualized dividend and a yield of 1.25%. FirstCash’s dividend payout ratio is presently 28.06%.

Insider Activity

In related news, Director Douglas Richard Rippel sold 12,371 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $109.38, for a total value of $1,353,139.98. Following the completion of the transaction, the director now owns 6,049,707 shares of the company’s stock, valued at $661,716,951.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Howard F. Hambleton sold 3,670 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 19,451 shares in the company, valued at approximately $2,121,715.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 12,371 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $109.38, for a total transaction of $1,353,139.98. Following the transaction, the director now owns 6,049,707 shares of the company’s stock, valued at $661,716,951.66. The disclosure for this sale can be found here. In the last three months, insiders sold 476,235 shares of company stock worth $49,156,034. 18.08% of the stock is currently owned by company insiders.

FirstCash Company Profile

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.