Hilltop Holdings Inc. purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,893 shares of the company's stock, valued at approximately $1,136,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in shares of FirstCash during the third quarter worth approximately $1,576,000. Natixis Advisors LLC boosted its holdings in shares of FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock valued at $18,269,000 after buying an additional 101,130 shares during the period. Advantage Alpha Capital Partners LP acquired a new position in shares of FirstCash in the third quarter valued at approximately $3,707,000. Seven Eight Capital LP acquired a new position in shares of FirstCash in the second quarter valued at approximately $1,882,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in FirstCash by 163,545.2% during the second quarter. Cubist Systematic Strategies LLC now owns 50,730 shares of the company's stock worth $5,321,000 after purchasing an additional 50,699 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FCFS opened at $106.73 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The firm's 50 day simple moving average is $109.26 and its 200 day simple moving average is $111.68. The company has a market cap of $4.78 billion, a PE ratio of 19.76 and a beta of 0.65.
FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same quarter last year, the business earned $1.56 EPS. The company's revenue was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.42%. FirstCash's dividend payout ratio is currently 28.15%.
A number of analysts have commented on the stock. Stephens assumed coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 price target for the company. TD Cowen dropped their price objective on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th.
View Our Latest Stock Analysis on FirstCash
In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction on Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,974 shares of company stock worth $688,080 in the last quarter. 14.77% of the stock is owned by corporate insiders.
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.
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