nVerses Capital LLC Buys New Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS)

nVerses Capital LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,200 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of FirstCash by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock worth $228,000 after buying an additional 95 shares during the period. Retirement Systems of Alabama raised its stake in FirstCash by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 46,448 shares of the company’s stock worth $5,924,000 after purchasing an additional 122 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in FirstCash by 5.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock worth $298,000 after purchasing an additional 125 shares in the last quarter. Fifth Third Bancorp raised its stake in FirstCash by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock worth $1,809,000 after purchasing an additional 168 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in FirstCash by 62.2% in the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on shares of FirstCash in a research note on Friday, June 7th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the transaction, the director now directly owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

FirstCash Price Performance

Shares of NASDAQ:FCFS traded up $2.71 during midday trading on Friday, hitting $120.09. The stock had a trading volume of 269,766 shares, compared to its average volume of 272,942. The company’s 50-day moving average price is $110.86 and its 200-day moving average price is $116.17. The company has a market capitalization of $5.37 billion, a P/E ratio of 23.41 and a beta of 0.62. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The company had revenue of $831.00 million for the quarter, compared to analyst estimates of $824.87 million. During the same period in the previous year, the firm posted $1.22 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts predict that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, August 15th. FirstCash’s dividend payout ratio is presently 29.63%.

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.