FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Palisades Investment Partners LLC

Palisades Investment Partners LLC lowered its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,980 shares of the company’s stock after selling 221 shares during the quarter. Palisades Investment Partners LLC’s holdings in FirstCash were worth $1,345,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FCFS. PharVision Advisers LLC acquired a new position in shares of FirstCash during the 4th quarter valued at $248,000. Voloridge Investment Management LLC raised its position in FirstCash by 68.7% in the fourth quarter. Voloridge Investment Management LLC now owns 182,637 shares of the company’s stock valued at $18,921,000 after purchasing an additional 74,349 shares during the period. Two Sigma Advisers LP raised its position in FirstCash by 24.3% in the fourth quarter. Two Sigma Advisers LP now owns 66,600 shares of the company’s stock valued at $6,900,000 after purchasing an additional 13,000 shares during the period. Two Sigma Investments LP lifted its stake in shares of FirstCash by 1.9% during the fourth quarter. Two Sigma Investments LP now owns 99,581 shares of the company’s stock worth $10,317,000 after purchasing an additional 1,809 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of FirstCash in the fourth quarter worth about $21,701,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

FCFS has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th. StockNews.com upgraded FirstCash from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd.

FirstCash Price Performance

Shares of FCFS stock opened at $125.73 on Thursday. The firm has a fifty day simple moving average of $124.55 and a 200-day simple moving average of $114.63. The company has a market capitalization of $5.58 billion, a PE ratio of 21.94 and a beta of 0.63. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $135.57. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The firm had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.21%. FirstCash’s dividend payout ratio is presently 24.32%.

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.