Campbell & CO Investment Adviser LLC Invests $430,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Campbell & CO Investment Adviser LLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,969 shares of the company’s stock, valued at approximately $430,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FCFS. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of FirstCash by 86.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after purchasing an additional 205 shares during the period. Headinvest LLC bought a new stake in FirstCash in the third quarter valued at about $50,000. Principal Securities Inc. bought a new stake in FirstCash in the fourth quarter valued at about $51,000. GAMMA Investing LLC bought a new stake in FirstCash in the fourth quarter valued at about $69,000. Finally, Parkside Financial Bank & Trust increased its stake in FirstCash by 39.9% in the third quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock valued at $70,000 after acquiring an additional 200 shares during the period. Institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $116.53, for a total transaction of $233,060.00. Following the transaction, the chief financial officer now directly owns 92,715 shares in the company, valued at $10,804,078.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Douglas Richard Rippel sold 17,395 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the transaction, the director now directly owns 5,466,973 shares in the company, valued at $649,093,704.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $116.53, for a total transaction of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 762,197 shares of company stock worth $89,918,428. Corporate insiders own 14.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FCFS shares. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th. BTIG Research started coverage on shares of FirstCash in a research note on Friday. They issued a “neutral” rating on the stock. Finally, Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $140.00 in a research report on Monday, April 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $142.00.

FirstCash Price Performance

NASDAQ:FCFS opened at $111.06 on Tuesday. The firm has a market cap of $5.05 billion, a PE ratio of 21.65 and a beta of 0.64. FirstCash Holdings, Inc. has a 12 month low of $88.05 and a 12 month high of $133.64. The company has a quick ratio of 3.03, a current ratio of 3.99 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $120.73 and its two-hundred day moving average price is $116.87.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The firm had revenue of $836.40 million for the quarter, compared to analyst estimates of $846.08 million. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.75 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.26%. FirstCash’s payout ratio is 27.29%.

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.