FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. lessened its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,338 shares of the company’s stock after selling 2,000 shares during the period. Anthracite Investment Company Inc.’s holdings in FirstCash were worth $2,220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FCFS. SG Capital Management LLC acquired a new stake in FirstCash in the first quarter valued at $3,348,000. Bessemer Group Inc. raised its position in shares of FirstCash by 21.7% during the 1st quarter. Bessemer Group Inc. now owns 192,155 shares of the company’s stock worth $24,508,000 after acquiring an additional 34,217 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in FirstCash during the third quarter worth approximately $1,576,000. Boston Partners boosted its holdings in FirstCash by 17.8% in the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after purchasing an additional 94,010 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in FirstCash in the first quarter valued at approximately $1,189,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Douglas Richard Rippel sold 600 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the transaction, the director now directly owns 4,735,243 shares of the company’s stock, valued at $568,560,627.01. This represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,154 shares of company stock valued at $1,909,562. Company insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS opened at $105.06 on Wednesday. The company’s 50 day simple moving average is $111.50 and its 200-day simple moving average is $112.50. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The firm has a market cap of $4.70 billion, a PE ratio of 19.46 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.56 earnings per share. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.45%. FirstCash’s dividend payout ratio (DPR) is currently 28.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stephens began coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock. TD Cowen cut their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

FirstCash Company 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.