Pullen Investment Management LLC Purchases 148 Shares of FirstCash Holdings, Inc. $FCFS

Pullen Investment Management LLC increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,296 shares of the company’s stock after buying an additional 148 shares during the period. FirstCash comprises approximately 1.4% of Pullen Investment Management LLC’s holdings, making the stock its 14th largest position. Pullen Investment Management LLC’s holdings in FirstCash were worth $2,337,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in FirstCash by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 132,236 shares of the company’s stock worth $15,911,000 after buying an additional 1,629 shares during the period. Sequoia Financial Advisors LLC bought a new position in FirstCash in the 2nd quarter worth $336,000. Freedom Day Solutions LLC bought a new position in FirstCash in the 1st quarter worth $1,524,000. Wealth Enhancement Advisory Services LLC boosted its holdings in FirstCash by 8.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company’s stock worth $413,000 after buying an additional 265 shares during the period. Finally, FORA Capital LLC bought a new position in FirstCash in the 1st quarter worth $283,000. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Down 0.4%

Shares of NASDAQ FCFS opened at $154.13 on Friday. The firm’s 50-day moving average price is $150.09 and its 200-day moving average price is $136.95. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 23.68 and a beta of 0.69. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $163.01.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.13. The firm had revenue of $830.62 million for the quarter, compared to analysts’ expectations of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

Insider Activity

In other news, CEO Rick L. Wessel sold 30,976 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the sale, the chief executive officer directly owned 901,982 shares in the company, valued at approximately $125,673,152.06. This represents a 3.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Graves sold 6,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the sale, the director owned 15,846 shares in the company, valued at $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,000 shares of company stock worth $16,690,723. 2.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Loop Capital downgraded shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Canaccord Genuity Group reissued a “buy” rating and set a $200.00 price objective on shares of FirstCash in a report on Monday, October 6th. Finally, Wall Street Zen raised shares of FirstCash from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $154.40.

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.