Isthmus Partners LLC Buys Shares of 5,059 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Isthmus Partners LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, Holdings Channel.com reports. The fund bought 5,059 shares of the company’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FirstCash during the 2nd quarter worth approximately $54,000. CWM LLC boosted its holdings in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after buying an additional 348 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after buying an additional 202 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of FirstCash by 220.3% during the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after buying an additional 672 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of FirstCash by 511.1% during the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after buying an additional 920 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other news, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction on 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 sale, the director now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,974 shares of company stock worth $688,080. Corporate insiders own 14.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FCFS shares. Stephens started coverage on FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price 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 report on Monday, October 28th.

FirstCash Price Performance

Shares of FCFS opened at $108.86 on Friday. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The business’s fifty day moving average is $109.79 and its 200 day moving average is $111.92. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.87 billion, a P/E ratio of 20.16 and a beta of 0.64.

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 the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. During the same period last year, the business earned $1.56 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

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.