Riverwater Partners LLC Invests $278,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Riverwater Partners LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,682 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also made changes to their positions in FCFS. Verition Fund Management LLC increased its holdings in shares of FirstCash by 8.5% during the 3rd quarter. Verition Fund Management LLC now owns 3,604 shares of the company’s stock valued at $414,000 after purchasing an additional 283 shares in the last quarter. HighTower Advisors LLC increased its holdings in FirstCash by 2.7% in the third quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock valued at $856,000 after buying an additional 195 shares in the last quarter. State Street Corp raised its position in shares of FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after acquiring an additional 28,415 shares during the period. MML Investors Services LLC boosted its stake in shares of FirstCash by 185.2% during the 3rd quarter. MML Investors Services LLC now owns 6,697 shares of the company’s stock worth $769,000 after acquiring an additional 4,349 shares in the last quarter. Finally, Barclays PLC grew its position in shares of FirstCash by 163.8% during the 3rd quarter. Barclays PLC now owns 81,807 shares of the company’s stock valued at $9,391,000 after acquiring an additional 50,799 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’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 sale, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was 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 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 owned by corporate insiders.

FirstCash Stock Down 3.4 %

FCFS stock opened at $123.03 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 quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $115.56 and a 200-day simple moving average of $111.13. The stock has a market capitalization of $5.51 billion, a P/E ratio of 21.47 and a beta of 0.58.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping 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%. Equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given 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 yield of 1.24%. FirstCash’s 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.