Duality Advisers LP Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Duality Advisers LP purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,918 shares of the company’s stock, valued at approximately $1,075,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of FirstCash by 138.2% in the 3rd quarter. SG Americas Securities LLC now owns 14,711 shares of the company’s stock valued at $1,477,000 after purchasing an additional 8,534 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of FirstCash during the 3rd quarter valued at $602,000. MBM Wealth Consultants LLC grew its position in shares of FirstCash by 7.8% in the 3rd quarter. MBM Wealth Consultants LLC now owns 4,634 shares of the company’s stock worth $462,000 after buying an additional 334 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FirstCash by 12.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,190 shares of the company’s stock worth $621,000 after acquiring an additional 705 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in FirstCash during the 3rd quarter valued at about $213,000. 80.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens lifted their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 5,916 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $115.09, for a total transaction of $680,872.44. Following the sale, the director now owns 5,607,468 shares of the company’s stock, valued at approximately $645,363,492.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 5,916 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44. Following the completion of the transaction, the director now directly owns 5,607,468 shares in the company, valued at approximately $645,363,492.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 329,984 shares of company stock valued at $38,850,386. 18.08% of the stock is owned by insiders.

FirstCash Trading Up 1.5 %

Shares of NASDAQ FCFS opened at $132.50 on Wednesday. The firm’s 50 day moving average price is $122.05 and its 200-day moving average price is $114.43. FirstCash Holdings, Inc. has a 52-week low of $88.05 and a 52-week high of $133.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. The company has a market cap of $5.98 billion, a PE ratio of 27.60 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The company had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. During the same period in the previous year, the business earned $1.65 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 6.93 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.06%. FirstCash’s payout ratio is 29.17%.

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.