Verition Fund Management LLC Acquires 283 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Verition Fund Management LLC raised its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,604 shares of the company’s stock after purchasing an additional 283 shares during the quarter. Verition Fund Management LLC’s holdings in FirstCash were worth $414,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FCFS. Point72 Asia Singapore Pte. Ltd. bought a new position in FirstCash in the 2nd quarter valued at $54,000. CWM LLC raised its position in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC raised its position in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares during the last quarter. Quarry LP raised its position in shares of FirstCash by 511.1% during the second quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after acquiring an additional 920 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of FirstCash by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock worth $129,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at FirstCash

In other FirstCash news, 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 value 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. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.77% of the company’s stock.

FirstCash Stock Down 0.9 %

Shares of FirstCash stock opened at $108.60 on Friday. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The business has a fifty day simple moving average of $108.49 and a 200 day simple moving average of $111.26. The stock has a market cap of $4.86 billion, a PE ratio of 20.11 and a beta of 0.65.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $843.94 million. During the same period in the previous year, the firm earned $1.56 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.38 dividend. 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%.

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.