Creative Planning Purchases 1,242 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Creative Planning lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,127 shares of the company’s stock after purchasing an additional 1,242 shares during the quarter. Creative Planning’s holdings in FirstCash were worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of FirstCash during the 1st quarter valued at $26,000. Whittier Trust Co. boosted its stake 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 acquiring an additional 176 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in FirstCash during the second quarter worth about $54,000. EntryPoint Capital LLC grew its holdings 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 purchasing an additional 482 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of FirstCash by 220.3% during the first quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock valued at $124,000 after purchasing an additional 672 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the firm’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 transaction of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the transaction, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,154 shares of company stock worth $1,912,562. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS opened at $112.62 on Friday. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.12 billion, a P/E ratio of 21.95 and a beta of 0.62. The business’s 50 day moving average price is $115.94 and its 200-day moving average price is $115.83. FirstCash Holdings, Inc. has a 52 week low of $99.03 and a 52 week high of $133.64.

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

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, August 15th. This is a boost from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.35%. FirstCash’s payout ratio is 29.63%.

FirstCash 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.