FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,303 shares of the company’s stock after buying an additional 19,868 shares during the quarter. Sei Investments Co.’s holdings in FirstCash were worth $66,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in FirstCash during the first quarter valued at approximately $26,000. Whittier Trust Co. lifted its holdings in shares of FirstCash by 62.2% during the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after buying an additional 176 shares during the last quarter. Principal Securities Inc. bought a new position in shares of FirstCash during the 4th quarter valued at $51,000. EntryPoint Capital LLC boosted its position in FirstCash by 134.3% during the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after purchasing an additional 482 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of FirstCash by 220.3% during the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after purchasing an additional 672 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Trading Down 1.5 %

Shares of FirstCash stock opened at $117.37 on Friday. FirstCash Holdings, Inc. has a 12-month low of $94.55 and a 12-month high of $133.64. The stock has a market cap of $5.34 billion, a P/E ratio of 22.88 and a beta of 0.62. The business’s 50 day moving average is $114.93 and its 200-day moving average is $116.24. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $831.00 million during the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Equities research analysts predict that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $0.38 dividend. The ex-dividend date was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.30%. FirstCash’s dividend payout ratio (DPR) is 29.63%.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 600 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now directly owns 4,735,243 shares of the company’s stock, valued at $568,560,627.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total value of $72,042.00. Following the transaction, the director now directly owns 4,735,243 shares in the company, valued at $568,560,627.01. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,912,562 in the last quarter. 14.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, BTIG Research started coverage on FirstCash in a research note on Friday, June 7th. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and an average target price of $142.00.

FirstCash 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.