Mach 1 Financial Group LLC Invests $707,000 in FirstCash Holdings, Inc. $FCFS

Mach 1 Financial Group LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, Holdings Channel reports. The fund acquired 4,436 shares of the company’s stock, valued at approximately $707,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc lifted its stake in FirstCash by 105.9% in the 4th quarter. IFP Advisors Inc now owns 420 shares of the company’s stock valued at $67,000 after buying an additional 216 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in FirstCash by 11.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,929 shares of the company’s stock valued at $1,264,000 after buying an additional 828 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in FirstCash by 25.0% in the 4th quarter. Handelsbanken Fonder AB now owns 12,016 shares of the company’s stock valued at $1,915,000 after buying an additional 2,400 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in FirstCash in the 4th quarter valued at approximately $764,000. Finally, L & S Advisors Inc lifted its stake in FirstCash by 5.5% in the 4th quarter. L & S Advisors Inc now owns 21,302 shares of the company’s stock valued at $3,395,000 after buying an additional 1,116 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on FCFS shares. TD Cowen increased their price target on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Canaccord Genuity Group increased their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $198.00.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $227.29, for a total value of $454,580.00. Following the transaction, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the transaction, the insider directly owned 32,406 shares in the company, valued at $7,337,042.46. This trade represents a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 17,500 shares of company stock valued at $3,972,130. 2.86% of the stock is owned by company insiders.

FirstCash Trading Down 0.1%

NASDAQ FCFS opened at $226.27 on Friday. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company’s 50 day moving average price is $206.62 and its 200 day moving average price is $182.06. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 28.35 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $2.07 earnings per share. FirstCash’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.7%. FirstCash’s dividend payout ratio (DPR) is 21.05%.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.