Yorktown Management & Research Co Inc Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Yorktown Management & Research Co Inc bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,650 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its stake in shares of FirstCash by 18.3% in the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after buying an additional 1,037,601 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of FirstCash in the third quarter worth about $50,192,000. Erste Asset Management GmbH purchased a new position in shares of FirstCash in the third quarter worth about $18,368,000. Natixis Advisors LLC lifted its stake in shares of FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after buying an additional 101,130 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of FirstCash by 163.8% in the third quarter. Barclays PLC now owns 81,807 shares of the company’s stock worth $9,391,000 after buying an additional 50,799 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FCFS. Stephens began coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target on the stock. TD Cowen decreased their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

FirstCash Trading Up 3.9 %

Shares of FCFS stock opened at $112.59 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The stock has a market capitalization of $5.04 billion, a P/E ratio of 19.65 and a beta of 0.67. The company has a 50 day moving average price of $107.36 and a 200 day moving average price of $110.79. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.35%. FirstCash’s dividend payout ratio is presently 26.53%.

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.