4,796 Shares in FirstCash Holdings, Inc. $FCFS Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,796 shares of the company’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FCFS. JPMorgan Chase & Co. raised its position in shares of FirstCash by 96.0% in the third quarter. JPMorgan Chase & Co. now owns 240,441 shares of the company’s stock valued at $38,091,000 after purchasing an additional 117,788 shares during the period. Vanguard Group Inc. raised its position in shares of FirstCash by 2.1% in the third quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock valued at $649,040,000 after purchasing an additional 83,113 shares during the period. Coastal Bridge Advisors LLC bought a new position in shares of FirstCash in the third quarter valued at approximately $1,361,000. Victory Capital Management Inc. raised its position in shares of FirstCash by 76.3% in the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock valued at $84,687,000 after purchasing an additional 231,379 shares during the period. Finally, Mirabella Financial Services LLP bought a new position in shares of FirstCash in the third quarter valued at approximately $3,463,000. 80.30% of the stock is owned by institutional investors.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Paula K. Garrett sold 1,500 shares of FirstCash stock in a transaction on Friday, May 1st. The shares were sold at an average price of $217.40, for a total transaction of $326,100.00. Following the sale, the director owned 6,564 shares in the company, valued at $1,427,013.60. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $182.99, for a total transaction of $365,980.00. Following the sale, the chief financial officer owned 36,734 shares in the company, valued at $6,721,954.66. This represents a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,500 shares of company stock worth $3,440,840 over the last three months. 2.86% of the stock is currently owned by corporate insiders.

FirstCash Price Performance

NASDAQ:FCFS opened at $226.54 on Monday. The stock has a market cap of $9.93 billion, a P/E ratio of 28.39 and a beta of 0.52. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company has a fifty day moving average price of $203.92 and a 200 day moving average price of $180.02. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.07 EPS. Analysts anticipate that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, May 15th. FirstCash’s dividend payout ratio is presently 21.05%.

Analyst Ratings Changes

A number of research firms have recently commented on FCFS. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD Cowen lifted their price target on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group lifted their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $198.00.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.