Sanctuary Advisors LLC Acquires Shares of 7,108 FirstCash Holdings, Inc. $FCFS

Sanctuary Advisors LLC bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,108 shares of the company’s stock, valued at approximately $1,538,000.

Several other hedge funds have also recently made changes to their positions in FCFS. Harbor Investment Advisory LLC bought a new position in shares of FirstCash during the 1st quarter worth $26,000. Geneos Wealth Management Inc. bought a new stake in FirstCash in the 1st quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in FirstCash in the 2nd quarter valued at about $34,000. Assetmark Inc. lifted its holdings in FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Down 4.2%

Shares of NASDAQ:FCFS opened at $219.82 on Thursday. FirstCash Holdings, Inc. has a 52-week low of $144.56 and a 52-week high of $238.93. The firm has a fifty day moving average of $214.43 and a 200 day moving average of $208.32. The firm has a market capitalization of $9.53 billion, a PE ratio of 25.09 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. FirstCash’s revenue for the quarter was up 29.4% on a year-over-year basis. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s dividend payout ratio (DPR) is 19.18%.

Insider Activity

In other news, SVP Raul Ramos sold 6,835 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the sale, the senior vice president directly owned 20,400 shares in the company, valued at approximately $4,594,692. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Howard F. Hambleton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total value of $425,960.00. Following the transaction, the insider directly owned 30,406 shares of the company’s stock, valued at $6,475,869.88. The trade was a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,183 shares of company stock worth $3,761,228 over the last ninety days. 2.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FCFS has been the subject of several recent research reports. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a report on Monday, August 10th. TD Cowen lifted their price objective on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings cut shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.00.

FirstCash Company 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.