Bridgefront Capital LLC Invests $277,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bridgefront Capital LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,670 shares of the company’s stock, valued at approximately $277,000.

Several other large investors also recently added to or reduced their stakes in FCFS. Vanguard Group Inc. boosted its holdings in shares of FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock valued at $426,105,000 after purchasing an additional 22,009 shares during the period. Earnest Partners LLC lifted its holdings in shares of FirstCash by 2.3% in the 4th quarter. Earnest Partners LLC now owns 2,338,671 shares of the company’s stock worth $242,286,000 after buying an additional 52,409 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of FirstCash by 76.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company’s stock worth $135,046,000 after buying an additional 563,265 shares during the period. Dimensional Fund Advisors LP grew its position in shares of FirstCash by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company’s stock worth $108,107,000 after buying an additional 9,264 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of FirstCash by 5.4% during the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company’s stock valued at $67,193,000 after buying an additional 33,040 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred 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 directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.77% of the company’s stock.

FirstCash Trading Down 0.6 %

Shares of NASDAQ FCFS opened at $133.44 on Thursday. The business has a fifty day moving average price of $121.52 and a 200 day moving average price of $113.08. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $135.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The stock has a market capitalization of $5.92 billion, a P/E ratio of 23.29 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.32. The business had revenue of $836.42 million for the quarter, compared to analysts’ expectations of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. Equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 15th. FirstCash’s payout ratio is presently 24.32%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FCFS. StockNews.com upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd. Stephens reiterated an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

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.