2,682 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Bought by Riverwater Partners LLC

Riverwater Partners LLC purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,682 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its position in shares of 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. Integrated Investment Consultants LLC increased its stake in FirstCash by 2.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after acquiring an additional 105 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of FirstCash by 1.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock worth $826,000 after acquiring an additional 127 shares in the last quarter. J.Safra Asset Management Corp boosted its position in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of FirstCash by 6.6% in the fourth quarter. EntryPoint Capital LLC now owns 2,319 shares of the company’s stock valued at $240,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at FirstCash

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

FirstCash Trading Down 3.4 %

Shares of FCFS stock opened at $123.03 on Friday. The company has a market cap of $5.51 billion, a PE ratio of 21.47 and a beta of 0.58. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The stock’s 50 day simple moving average is $115.56 and its two-hundred day simple moving average is $111.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share 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%. Research analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.24%. FirstCash’s dividend payout ratio is presently 26.53%.

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.