FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 29.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,499 shares of the company’s stock after selling 3,998 shares during the period. Los Angeles Capital Management LLC’s holdings in FirstCash were worth $984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in FirstCash in the 4th quarter valued at about $92,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FirstCash in the 3rd quarter worth approximately $133,000. KBC Group NV lifted its holdings in shares of FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after acquiring an additional 205 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of FirstCash in the 3rd quarter worth approximately $204,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of FirstCash by 15.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,039 shares of the company’s stock worth $211,000 after acquiring an additional 273 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

FirstCash Stock Performance

Shares of FCFS stock opened at $112.28 on Friday. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The firm’s 50 day moving average price is $110.44 and its 200-day moving average price is $111.17. The firm has a market cap of $5.03 billion, a P/E ratio of 19.60 and a beta of 0.67. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share 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%. As a group, equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently announced 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. This represents a $1.52 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, February 14th. FirstCash’s payout ratio is currently 26.53%.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

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.