Fox Run Management L.L.C. Invests $721,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Fox Run Management L.L.C. bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,958 shares of the company’s stock, valued at approximately $721,000.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in FirstCash during the 4th quarter valued at $31,000. J.Safra Asset Management Corp raised its stake in 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 purchasing an additional 127 shares during the last quarter. R Squared Ltd acquired a new position in FirstCash during the 4th quarter valued at $92,000. Parkside Financial Bank & Trust raised its stake in FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after purchasing an additional 94 shares during the last quarter. Finally, KBC Group NV raised its stake in FirstCash by 54.1% during the 4th quarter. KBC Group NV now owns 1,859 shares of the company’s stock valued at $193,000 after purchasing an additional 653 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction dated 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 owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following 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 position. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

FirstCash Trading Down 0.5 %

Shares of FCFS stock opened at $116.87 on Monday. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 20.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The firm has a fifty day moving average of $113.74 and a 200-day moving average of $110.81.

FirstCash (NASDAQ:FCFS) last posted 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%. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

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

Analysts Set New Price Targets

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

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.