Advantage Alpha Capital Partners LP Grows Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Advantage Alpha Capital Partners LP grew its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 43.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,457 shares of the company’s stock after purchasing an additional 14,164 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in FirstCash were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FCFS. Rialto Wealth Management LLC bought a new position in FirstCash in the 4th quarter worth about $31,000. J.Safra Asset Management Corp lifted its stake in FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares in the last quarter. R Squared Ltd bought a new position in FirstCash in the 4th quarter valued at $92,000. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after purchasing an additional 94 shares during the period. Finally, KBC Group NV grew its position in shares of FirstCash by 54.1% during the 4th quarter. KBC Group NV now owns 1,859 shares of the company’s stock valued at $193,000 after purchasing an additional 653 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Trading Down 0.5 %

Shares of FCFS stock opened at $116.87 on Monday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a market cap of $5.23 billion, a P/E ratio of 20.40 and a beta of 0.63. The business has a 50-day moving average price of $113.74 and a two-hundred day moving average price of $110.81. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. FirstCash’s dividend payout ratio is presently 26.53%.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

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.