Mutual of America Capital Management LLC Sells 689 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mutual of America Capital Management LLC cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,350 shares of the company’s stock after selling 689 shares during the period. Mutual of America Capital Management LLC’s holdings in FirstCash were worth $2,239,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in FirstCash during the fourth quarter valued at about $1,752,000. SG Capital Management LLC bought a new stake in FirstCash during the first quarter valued at about $3,348,000. Sei Investments Co. boosted its holdings in FirstCash by 6.3% during the first quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock valued at $77,983,000 after acquiring an additional 36,181 shares during the period. Stephens Inc. AR boosted its holdings in FirstCash by 23.6% during the fourth quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock valued at $3,050,000 after acquiring an additional 5,377 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in FirstCash by 10.2% during the first quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company’s stock valued at $10,230,000 after acquiring an additional 7,399 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

FirstCash Stock Down 2.4 %

NASDAQ FCFS opened at $115.14 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. The firm has a 50-day simple moving average of $115.10 and a 200 day simple moving average of $116.27. FirstCash Holdings, Inc. has a twelve month low of $95.00 and a twelve month high of $133.64. The stock has a market cap of $5.24 billion, a PE ratio of 22.44 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The business had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. During the same quarter last year, the company earned $1.22 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, research analysts forecast that FirstCash Holdings, Inc. will post 6.56 EPS for the current 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 given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio is 29.63%.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 3,374 shares of the 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 transaction, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO R Douglas Orr sold 2,000 shares of the 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 transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director now directly 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. Insiders sold 16,154 shares of company stock valued at $1,912,562 over the last quarter. Corporate 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.