Crown Advisors Management Inc. Trims Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Crown Advisors Management Inc. lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 5,000 shares during the quarter. FirstCash comprises about 2.0% of Crown Advisors Management Inc.’s portfolio, making the stock its 21st largest position. Crown Advisors Management Inc. owned 0.07% of FirstCash worth $3,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. raised its stake in shares of FirstCash by 4.2% in the fourth quarter. Xponance Inc. now owns 5,465 shares of the company’s stock valued at $566,000 after acquiring an additional 219 shares during the period. Intech Investment Management LLC increased its stake in FirstCash by 92.3% in the 4th quarter. Intech Investment Management LLC now owns 28,551 shares of the company’s stock worth $2,958,000 after buying an additional 13,706 shares during the period. Cibc World Markets Corp purchased a new position in FirstCash in the 4th quarter worth about $373,000. Royce & Associates LP increased its stake in FirstCash by 29.5% in the 4th quarter. Royce & Associates LP now owns 114,663 shares of the company’s stock worth $11,879,000 after buying an additional 26,098 shares during the period. Finally, Natixis Advisors LLC increased its stake in FirstCash by 10.2% in the 4th quarter. Natixis Advisors LLC now owns 175,305 shares of the company’s stock worth $18,162,000 after buying an additional 16,165 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Trading Down 0.0 %

FCFS stock opened at $117.03 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The company has a market capitalization of $5.24 billion, a PE ratio of 20.42 and a beta of 0.63. The firm’s 50-day moving average is $113.10 and its 200 day moving average is $110.84. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is 26.53%.

FirstCash 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.