Handelsbanken Fonder AB Boosts Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Handelsbanken Fonder AB increased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 13.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,516 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in FirstCash were worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of FirstCash by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after acquiring an additional 219,983 shares during the period. Quadrature Capital Ltd purchased a new stake in FirstCash during the 4th quarter worth about $1,752,000. Kapitalo Investimentos Ltda boosted its stake in shares of FirstCash by 526.6% in the 4th quarter. Kapitalo Investimentos Ltda now owns 4,468 shares of the company’s stock valued at $484,000 after buying an additional 3,755 shares during the period. Annex Advisory Services LLC grew its position in shares of FirstCash by 24.0% during the first quarter. Annex Advisory Services LLC now owns 80,596 shares of the company’s stock worth $10,279,000 after buying an additional 15,595 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of FirstCash by 48.2% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,016 shares of the company’s stock worth $385,000 after buying an additional 981 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction on 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 $567,540,367.86. The trade was 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 this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock worth $1,912,562 over the last 90 days. 14.77% of the stock is owned by insiders.

FirstCash Stock Up 1.0 %

Shares of FirstCash stock opened at $113.69 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. FirstCash Holdings, Inc. has a 52-week low of $99.03 and a 52-week high of $133.64. The company has a market capitalization of $5.09 billion, a P/E ratio of 21.78 and a beta of 0.62. The company has a 50 day moving average of $115.99 and a 200 day moving average of $115.76.

FirstCash (NASDAQ:FCFS) last issued 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. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The firm had revenue of $831.00 million during the quarter, compared to the consensus estimate of $824.87 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that FirstCash Holdings, Inc. will post 6.52 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio (DPR) is 29.12%.

About FirstCash

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.