nVerses Capital LLC Trims Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

nVerses Capital LLC cut its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 46.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the company’s stock after selling 1,500 shares during the quarter. nVerses Capital LLC’s holdings in FirstCash were worth $195,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Creative Planning lifted its holdings in FirstCash by 39.2% in the 3rd quarter. Creative Planning now owns 14,093 shares of the company’s stock worth $1,618,000 after purchasing an additional 3,966 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of FirstCash by 7.8% during the third quarter. Exchange Traded Concepts LLC now owns 6,144 shares of the company’s stock valued at $705,000 after buying an additional 442 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in shares of FirstCash by 43.7% in the third quarter. Annex Advisory Services LLC now owns 19,657 shares of the company’s stock worth $2,257,000 after buying an additional 5,979 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of FirstCash by 24.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,300 shares of the company’s stock worth $1,983,000 after acquiring an additional 3,400 shares during the last quarter. Finally, CWM LLC grew its stake in FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after acquiring an additional 348 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $112.75 on Friday. The firm’s fifty day moving average is $116.22 and its two-hundred day moving average is $115.28. FirstCash Holdings, Inc. has a 52-week low of $100.39 and a 52-week high of $133.64. The company has a market cap of $5.13 billion, a P/E ratio of 21.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $831.00 million for the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 6.52 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.38 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.35%. FirstCash’s dividend payout ratio (DPR) is presently 29.63%.

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO R Douglas Orr sold 2,000 shares of the company’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 transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,154 shares of company stock worth $1,912,562. Corporate insiders own 14.77% of the company’s stock.

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.