MQS Management LLC Invests $219,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

MQS Management LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,084 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of FirstCash during the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in FirstCash during the fourth quarter valued at approximately $51,000. Whittier Trust Co. boosted its holdings in FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after buying an additional 176 shares in the last quarter. EntryPoint Capital LLC grew its position in FirstCash by 134.3% in the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after buying an additional 482 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of FirstCash in the fourth quarter valued at $108,000. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Performance

FirstCash stock opened at $117.37 on Friday. FirstCash Holdings, Inc. has a fifty-two week low of $94.55 and a fifty-two week high of $133.64. The firm’s 50 day simple moving average is $114.93 and its 200-day simple moving average is $116.24. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04. The company has a market cap of $5.34 billion, a P/E ratio of 22.88 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. As a group, equities research analysts predict that FirstCash Holdings, Inc. will post 6.56 EPS for the current year.

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.38 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, August 15th. FirstCash’s dividend payout ratio is currently 29.63%.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed coverage on FirstCash in a research note on Friday, June 7th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and an average target price of $142.00.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the transaction, the director now owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,154 shares of company stock worth $1,912,562. 14.77% 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. 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.