Algert Global LLC Buys 2,230 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Algert Global LLC grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 21.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,450 shares of the company’s stock after acquiring an additional 2,230 shares during the period. Algert Global LLC’s holdings in FirstCash were worth $1,429,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Earnest Partners LLC grew its stake in FirstCash by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after acquiring an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in FirstCash by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after acquiring an additional 15,780 shares in the last quarter. Sei Investments Co. grew its stake in FirstCash by 3.2% in the 2nd quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after acquiring an additional 19,868 shares in the last quarter. Boston Partners boosted its stake in shares of FirstCash by 17.8% during 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, Charles Schwab Investment Management Inc. boosted its stake in shares of FirstCash by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after purchasing an additional 37,810 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stephens assumed coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective on the stock. TD Cowen dropped their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value 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 approximately $567,540,367.86. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,974 shares of company stock valued at $688,080. Insiders own 14.77% of the company’s stock.

FirstCash Trading Up 1.5 %

NASDAQ:FCFS opened at $108.67 on Friday. FirstCash Holdings, Inc. has a 52 week low of $101.62 and a 52 week high of $133.64. The firm has a 50 day moving average of $109.96 and a 200 day moving average of $111.99. 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 capitalization of $4.86 billion, a price-to-earnings ratio of 20.12 and a beta of 0.64.

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

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. FirstCash’s payout ratio is 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.