Crossmark Global Holdings Inc. Acquires 514 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Crossmark Global Holdings Inc. grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 21.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,967 shares of the company’s stock after buying an additional 514 shares during the period. Crossmark Global Holdings Inc.’s holdings in FirstCash were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in FirstCash in the first quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FirstCash during the 2nd quarter valued at approximately $54,000. CWM LLC raised its holdings in FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares during the period. GAMMA Investing LLC lifted its position in FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after buying an additional 202 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its stake in FirstCash by 134.3% during the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after buying an additional 482 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

FirstCash Trading Down 1.2 %

NASDAQ FCFS opened at $105.77 on Monday. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The company’s 50-day moving average price is $111.90 and its 200-day moving average price is $112.64. The stock has a market cap of $4.73 billion, a PE ratio of 19.59 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The business had revenue of $837.30 million for 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.56 earnings per share. Equities research analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

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

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.