State of Alaska Department of Revenue Has $977,000 Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

State of Alaska Department of Revenue lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,519 shares of the company’s stock after purchasing an additional 520 shares during the period. State of Alaska Department of Revenue’s holdings in FirstCash were worth $977,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FCFS. Earnest Partners LLC lifted its holdings in FirstCash by 2.4% during the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after buying an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of FirstCash by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after acquiring an additional 15,780 shares during the last quarter. Hood River Capital Management LLC lifted its stake in shares of FirstCash by 6.3% during the first quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after acquiring an additional 52,362 shares during the period. Sei Investments Co. increased its position in FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after purchasing an additional 19,868 shares during the period. Finally, Boston Partners increased its position in FirstCash by 17.8% in the first quarter. Boston Partners now owns 621,534 shares of the company’s stock worth $78,347,000 after purchasing an additional 94,010 shares during the period. 80.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 7,316 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the sale, the director now directly owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,154 shares of company stock worth $1,909,562. Company insiders own 14.77% of the company’s stock.

FirstCash Stock Up 0.9 %

NASDAQ:FCFS opened at $107.08 on Wednesday. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The stock’s fifty day simple moving average is $113.74 and its 200-day simple moving average is $113.53. The firm has a market capitalization of $4.79 billion, a P/E ratio of 19.83 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last issued 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 firm had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.56 earnings per share. Equities research analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, November 15th. FirstCash’s payout ratio is presently 28.15%.

Analyst Upgrades and Downgrades

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

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.