Virtu Financial LLC Makes New $553,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Virtu Financial LLC bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,817 shares of the company’s stock, valued at approximately $553,000.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC grew its position in FirstCash by 163.8% in the third 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 in the last quarter. MML Investors Services LLC boosted its stake in shares of FirstCash by 185.2% in the third quarter. MML Investors Services LLC now owns 6,697 shares of the company’s stock valued at $769,000 after purchasing an additional 4,349 shares during the period. State Street Corp grew its holdings in FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock valued at $159,196,000 after purchasing an additional 28,415 shares in the last quarter. HighTower Advisors LLC increased its stake in FirstCash by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock worth $856,000 after buying an additional 195 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in FirstCash in the 3rd quarter worth $1,136,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FCFS. Stephens began coverage on FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company. TD Cowen lowered their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.77% of the stock is currently owned by company insiders.

FirstCash Trading Down 2.1 %

NASDAQ FCFS opened at $106.30 on Friday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The company’s fifty day moving average price is $108.33 and its two-hundred day moving average price is $111.13.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. The business had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.56 earnings per share. As a group, research analysts predict that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio is currently 28.15%.

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.