GSA Capital Partners LLP Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

GSA Capital Partners LLP purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,361 shares of the company’s stock, valued at approximately $730,000.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of FirstCash during the 1st quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in FirstCash during the second quarter valued at approximately $54,000. CWM LLC lifted its stake in shares of FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of FirstCash by 134.3% in the 1st 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, GAMMA Investing LLC increased its position in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Down 1.2 %

NASDAQ:FCFS opened at $105.77 on Monday. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 19.59 and a beta of 0.64. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $111.90 and a 200-day simple moving average of $112.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. Analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.44%. FirstCash’s payout ratio is currently 28.15%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FCFS shares. Stephens began coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective on the stock. TD Cowen reduced their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

Insider Buying and Selling at FirstCash

In related news, Director Douglas Richard Rippel sold 2,864 shares of FirstCash stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the sale, the director now directly owns 4,743,159 shares in the company, valued at $569,226,511.59. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,909,562 in the last ninety days. Corporate insiders own 14.77% of the company’s stock.

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.