Interval Partners LP Buys 13,867 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Interval Partners LP lifted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,485 shares of the company’s stock after purchasing an additional 13,867 shares during the quarter. Interval Partners LP’s holdings in FirstCash were worth $6,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of FirstCash by 67.6% in the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company’s stock worth $27,841,000 after purchasing an additional 108,353 shares in the last quarter. Principal Financial Group Inc. raised its holdings in FirstCash by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 130,607 shares of the company’s stock worth $13,531,000 after acquiring an additional 4,483 shares during the last quarter. Vanguard Group Inc. raised its holdings in FirstCash by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock worth $426,105,000 after acquiring an additional 22,009 shares during the last quarter. Raymond James Financial Inc. purchased a new position in FirstCash in the 4th quarter worth approximately $18,169,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in FirstCash in the 4th quarter worth approximately $343,000. 80.30% of the stock is owned by institutional investors.

FirstCash Price Performance

Shares of FCFS opened at $132.75 on Monday. The firm has a market cap of $5.89 billion, a PE ratio of 23.17 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $122.40 and a two-hundred day simple moving average of $113.48. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $135.57.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.32. The business had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.15%. FirstCash’s dividend payout ratio is presently 24.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FCFS shares. StockNews.com upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd. Stephens restated an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

Insider Buying and Selling at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.93% of the company’s stock.

About FirstCash

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.