FirstCash Holdings, Inc. $FCFS Stock Holdings Boosted by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 16.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,249 shares of the company’s stock after purchasing an additional 7,792 shares during the period. FirstCash makes up approximately 1.6% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 8th biggest holding. Advantage Alpha Capital Partners LP’s holdings in FirstCash were worth $6,527,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in FirstCash by 808.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after purchasing an additional 202 shares during the period. CX Institutional purchased a new position in FirstCash during the first quarter worth approximately $42,000. UMB Bank n.a. raised its stake in FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company’s stock worth $54,000 after purchasing an additional 283 shares during the period. CWM LLC raised its stake in FirstCash by 92.9% during the first quarter. CWM LLC now owns 517 shares of the company’s stock worth $62,000 after purchasing an additional 249 shares during the period. Finally, Quarry LP increased its position in shares of FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FCFS. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research report on Monday. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, Cowen reissued a “buy” rating on shares of FirstCash in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, FirstCash has a consensus rating of “Buy” and a consensus target price of $142.33.

Insiders Place Their Bets

In other news, CEO Rick L. Wessel sold 69,024 shares of FirstCash stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total value of $9,559,133.76. Following the completion of the transaction, the chief executive officer directly owned 932,958 shares of the company’s stock, valued at approximately $129,205,353.42. The trade was a 6.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Graves sold 6,000 shares of FirstCash 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 completion of the transaction, the director directly owned 15,846 shares of the company’s stock, valued at $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,900 shares of company stock valued at $15,193,007 in the last ninety days. Corporate insiders own 2.93% of the company’s stock.

FirstCash Price Performance

FCFS opened at $138.70 on Friday. The company has a fifty day simple moving average of $132.98 and a 200 day simple moving average of $125.78. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 21.31 and a beta of 0.68. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $141.56. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. Equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.68 annualized dividend and a yield of 1.2%. This is an increase from FirstCash’s previous quarterly dividend of $0.38. FirstCash’s dividend payout ratio (DPR) is 25.81%.

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.