King Luther Capital Management Corp Grows Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

King Luther Capital Management Corp boosted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,777 shares of the company’s stock after acquiring an additional 1,389 shares during the quarter. King Luther Capital Management Corp’s holdings in FirstCash were worth $2,599,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in FirstCash during the fourth quarter valued at approximately $51,000. Vanguard Personalized Indexing Management LLC grew its position in shares of FirstCash by 45.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 3,796 shares of the company’s stock worth $411,000 after purchasing an additional 1,185 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of FirstCash in the fourth quarter worth $108,000. TFO Wealth Partners LLC lifted its stake in FirstCash by 56,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,698 shares of the company’s stock worth $184,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of FirstCash during the 4th quarter valued at about $444,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

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

FirstCash Stock Down 1.5 %

Shares of FCFS opened at $117.37 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 business has a fifty day moving average of $114.93 and a 200 day moving average of $116.24. The company has a market cap of $5.34 billion, a PE ratio of 22.88 and a beta of 0.62. FirstCash Holdings, Inc. has a 52-week low of $94.55 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, beating the consensus estimate 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 net margin of 7.17% and a return on equity of 14.90%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 EPS. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 6.56 EPS for the current year.

FirstCash Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.38 per share. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, August 15th. FirstCash’s payout ratio is currently 29.63%.

Insider Transactions at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were 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 approximately $567,540,367.86. The transaction was disclosed in a filing with the SEC, which is available through 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 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 SEC, which can be accessed through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were 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 owns 4,731,869 shares of the company’s stock, valued at approximately $567,540,367.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,154 shares of company stock worth $1,912,562. Insiders own 14.77% of the company’s stock.

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.