Brant Point Investment Management LLC Makes New $2.39 Million Investment in FirstCash Holdings, Inc. $FCFS

Brant Point Investment Management LLC purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,000 shares of the company’s stock, valued at approximately $2,391,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FCFS. Rothschild Investment LLC raised its position in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after acquiring an additional 101 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after acquiring an additional 162 shares in the last quarter. Community Bank N.A. bought a new stake in FirstCash in the third quarter worth about $32,000. High Point Wealth Management LLC bought a new stake in FirstCash in the fourth quarter worth about $33,000. Finally, Smartleaf Asset Management LLC raised its position in FirstCash by 70.5% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FirstCash

In other news, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the sale, the insider directly owned 32,406 shares in the company, valued at $7,337,042.46. The trade was a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the completion of the sale, the director owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This trade represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,500 shares of company stock worth $6,243,104 over the last quarter. Insiders own 2.86% of the company’s stock.

FirstCash Trading Up 3.0%

NASDAQ:FCFS opened at $224.89 on Friday. 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 Holdings, Inc. has a fifty-two week low of $119.21 and a fifty-two week high of $235.97. The stock’s 50-day moving average is $216.66 and its two-hundred day moving average is $189.10. The stock has a market cap of $9.86 billion, a PE ratio of 28.18 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. FirstCash’s payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

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