Mirabella Financial Services LLP Acquires New Stake in FirstCash Holdings, Inc. $FCFS

Mirabella Financial Services LLP bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 21,858 shares of the company’s stock, valued at approximately $3,463,000.

A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in FirstCash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after acquiring an additional 1,021 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after purchasing an additional 34,364 shares during the last quarter. Jane Street Group LLC raised its holdings in FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after purchasing an additional 43,653 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of FirstCash in the 2nd quarter worth approximately $247,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of FirstCash in the 2nd quarter worth approximately $250,000. 80.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Howard F. Hambleton sold 4,000 shares of FirstCash stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total transaction of $740,480.00. Following the sale, the insider directly owned 35,406 shares in the company, valued at $6,554,358.72. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $175.37, for a total transaction of $701,480.00. Following the completion of the transaction, the chief financial officer directly owned 111,289 shares in the company, valued at $19,516,751.93. This trade represents a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,500 shares of company stock valued at $4,783,985. Insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

FCFS has been the subject of several recent analyst reports. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. Finally, Canaccord Genuity Group set a $217.00 price target on FirstCash in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.50.

FirstCash Trading Down 2.3%

Shares of FCFS stock opened at $188.60 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 25.42 and a beta of 0.46. FirstCash Holdings, Inc. has a 52-week low of $114.21 and a 52-week high of $199.60. The company has a 50-day simple moving average of $179.05 and a two-hundred day simple moving average of $163.85.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.54 by $0.10. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $2.12 EPS. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. Research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 18th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, February 18th. FirstCash’s dividend payout ratio (DPR) is 22.64%.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.