Mirabella Financial Services LLP Makes New $2.27 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mirabella Financial Services LLP acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,753 shares of the company’s stock, valued at approximately $2,268,000.

Several other hedge funds also recently modified their holdings of FCFS. Shell Asset Management Co. acquired a new position in FirstCash during the first quarter worth $298,000. Lazard Asset Management LLC increased its position in FirstCash by 220.3% during the first quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after buying an additional 672 shares during the last quarter. BOKF NA raised its stake in FirstCash by 101.0% in the first quarter. BOKF NA now owns 2,538 shares of the company’s stock valued at $319,000 after buying an additional 1,275 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of FirstCash by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,561 shares of the company’s stock valued at $2,750,000 after buying an additional 1,367 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of FirstCash by 15.8% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 2,963 shares of the company’s stock worth $378,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FCFS. Stephens started coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target for the company. TD Cowen cut their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

Insider Activity

In related news, Director Douglas Richard Rippel sold 7,316 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 owns 88,715 shares of the company’s stock, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,290 shares of company stock worth $1,565,853. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

FCFS opened at $104.40 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The business has a fifty day simple moving average of $110.80 and a 200 day simple moving average of $112.21. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The company has a market capitalization of $4.67 billion, a PE ratio of 19.33 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (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 previous year, the business posted $1.56 earnings per share. FirstCash’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.46%. FirstCash’s dividend payout ratio is presently 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.