Blueshift Asset Management LLC Buys Shares of 2,542 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Blueshift Asset Management LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,542 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors have also recently made changes to their positions in FCFS. Rialto Wealth Management LLC purchased a new stake in FirstCash in the fourth quarter worth about $31,000. J.Safra Asset Management Corp lifted its position in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the period. R Squared Ltd bought a new position in shares of FirstCash during the fourth quarter valued at approximately $92,000. KBC Group NV increased its holdings in FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after buying an additional 205 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and set a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th.

Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares of the company’s stock, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

FirstCash Trading Down 0.5 %

NASDAQ FCFS opened at $116.87 on Friday. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The company has a 50 day moving average price of $113.74 and a 200 day moving average price of $110.92. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a market cap of $5.23 billion, a PE ratio of 20.40 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. As a group, sell-side analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. FirstCash’s payout ratio is 26.53%.

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.