CWA Asset Management Group LLC Makes New Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

CWA Asset Management Group LLC purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,725 shares of the company’s stock, valued at approximately $1,576,000.

Other large investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its holdings in FirstCash by 4.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock valued at $228,000 after buying an additional 95 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of FirstCash by 5.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock worth $298,000 after acquiring an additional 125 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock worth $129,000 after acquiring an additional 164 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of FirstCash by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock worth $1,809,000 after purchasing an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in FirstCash by 8.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company’s stock valued at $252,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $120.07, for a total value of $72,042.00. Following the completion of the transaction, the director now owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction on Friday, September 6th. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00. Following the sale, the director now directly owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock valued at $1,909,562 in the last three months. 14.77% of the stock is owned by corporate insiders.

FirstCash Stock Up 1.3 %

Shares of FCFS opened at $109.08 on Friday. The company’s 50-day simple moving average is $113.03 and its 200-day simple moving average is $113.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The stock has a market capitalization of $4.88 billion, a PE ratio of 20.20 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. Analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.39%. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Wall Street Analysts Forecast Growth

Separately, TD Cowen decreased their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

FirstCash Company 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.