FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 71.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,819 shares of the company’s stock after selling 14,574 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in FirstCash were worth $668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FirstCash during the 2nd quarter valued at $54,000. CWM LLC raised its position in shares of FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after purchasing an additional 348 shares during the period. GAMMA Investing LLC lifted its holdings in shares of FirstCash by 28.9% during the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of FirstCash by 220.3% in the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock valued at $124,000 after purchasing an additional 672 shares during the period. Finally, Quarry LP increased its stake in FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FirstCash

In other news, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was 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. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,974 shares of company stock valued at $688,080 in the last quarter. Company insiders own 14.77% of the company’s stock.

Analyst Upgrades and Downgrades

FCFS has been the subject of a number of analyst reports. Stephens initiated coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company. TD Cowen cut their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th.

FirstCash Stock Up 1.5 %

NASDAQ:FCFS opened at $108.67 on Friday. The business’s fifty day moving average price is $109.96 and its 200 day moving average price is $111.99. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.12 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. The company 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 business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 EPS. On average, sell-side 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 was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. FirstCash’s payout ratio is 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.