Algert Global LLC Has $4.93 Million Stock Position in FirstCash Holdings, Inc. $FCFS

by · The Cerbat Gem

Algert Global LLC increased its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 81.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,993 shares of the company’s stock after acquiring an additional 18,360 shares during the period. Algert Global LLC owned about 0.09% of FirstCash worth $4,932,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after purchasing an additional 202 shares in the last quarter. CX Institutional acquired a new position in FirstCash during the first quarter worth $42,000. UMB Bank n.a. increased its holdings in FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company’s stock worth $54,000 after buying an additional 283 shares during the last quarter. Quarry LP raised its position in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after acquiring an additional 513 shares in the last quarter. Finally, CWM LLC lifted its stake in FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company’s stock valued at $62,000 after acquiring an additional 249 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider directly owned 32,481 shares of the company’s stock, valued at $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James H. Graves sold 6,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total value of $807,360.00. Following the transaction, the director owned 15,846 shares in the company, valued at $2,132,237.76. The trade was a 27.46% decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FCFS shares. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Cowen restated a “buy” rating on shares of FirstCash in a research note on Monday.

Check Out Our Latest Report on FCFS

FirstCash Price Performance

NASDAQ:FCFS opened at $138.45 on Tuesday. The company has a market cap of $6.14 billion, a P/E ratio of 21.27 and a beta of 0.68. The firm’s fifty day moving average price is $132.54 and its two-hundred day moving average price is $125.39. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $141.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS – Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. FirstCash’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS. Equities analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 1.2%. FirstCash’s dividend payout ratio (DPR) is currently 25.81%.

FirstCash Company Profile

(Free Report)

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.

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