Edgestream Partners L.P. Makes New $1.68 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Edgestream Partners L.P. bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the third quarter, Holdings Channel reports. The institutional investor bought 14,633 shares of the company’s stock, valued at approximately $1,680,000.

A number of other large investors also recently modified their holdings of FCFS. Price T Rowe Associates Inc. MD raised its stake in FirstCash by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,561 shares of the company’s stock worth $2,750,000 after acquiring an additional 1,367 shares during the period. Atria Investments Inc bought a new position in shares of FirstCash during the first quarter valued at approximately $1,189,000. Linden Thomas Advisory Services LLC raised its position in shares of FirstCash by 2.5% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,794 shares of the company’s stock worth $1,027,000 after purchasing an additional 239 shares during the period. Simplicity Wealth LLC bought a new stake in shares of FirstCash in the 2nd quarter worth approximately $216,000. Finally, SG Americas Securities LLC boosted its position in FirstCash by 160.6% during the 2nd quarter. SG Americas Securities LLC now owns 5,014 shares of the company’s stock valued at $526,000 after purchasing an additional 3,090 shares during the period. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Down 0.5 %

Shares of FirstCash stock opened at $106.58 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64. The business’s fifty day moving average price is $109.40 and its two-hundred day moving average price is $111.71. The company has a market capitalization of $4.77 billion, a P/E ratio of 19.74 and a beta of 0.65.

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

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Analyst Upgrades and Downgrades

FCFS has been the topic of several analyst reports. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price on the stock. TD Cowen cut their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,974 shares of company stock worth $688,080 over the last quarter. 14.77% of the stock is currently owned by company insiders.

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.