Jackson Creek Investment Advisors LLC Purchases Shares of 8,963 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,963 shares of the company’s stock, valued at approximately $971,000.

A number of other large investors have also modified their holdings of the company. Monument Capital Management bought a new stake in FirstCash in the 4th quarter valued at $2,135,000. Sei Investments Co. increased its stake in FirstCash by 17.4% in the third quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock valued at $42,837,000 after acquiring an additional 63,219 shares during the period. FMR LLC increased its stake in FirstCash by 2.3% in the third quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares during the period. Pathstone Family Office LLC acquired a new position in FirstCash in the third quarter worth about $297,000. Finally, Annex Advisory Services LLC lifted its stake in FirstCash by 46.2% during the third quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock worth $5,551,000 after purchasing an additional 17,486 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Price Performance

FirstCash stock traded down $2.37 during trading hours on Tuesday, hitting $112.98. 300,637 shares of the stock were exchanged, compared to its average volume of 222,584. The stock has a market capitalization of $5.10 billion, a P/E ratio of 22.49 and a beta of 0.62. The business’s 50-day moving average is $122.07 and its two-hundred day moving average is $114.95. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99. FirstCash Holdings, Inc. has a 12 month low of $88.05 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The business had revenue of $836.40 million for the quarter, compared to analyst estimates of $846.08 million. During the same period in the prior year, the company earned $1.25 EPS. FirstCash’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts expect that FirstCash Holdings, Inc. will post 6.79 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.24%. FirstCash’s dividend payout ratio (DPR) is 27.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FCFS. Stephens upped their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $140.00 in a research note on Monday. Finally, TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the transaction, the chief financial officer now directly owns 94,715 shares in the company, valued at $11,010,618.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 21,852 shares of FirstCash stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the sale, the director now owns 5,502,761 shares of the company’s stock, valued at $659,781,043.90. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock valued at $38,850,386 in the last 90 days. 18.08% of the stock is currently owned by insiders.

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.