Philadelphia Financial Management of San Francisco LLC Invests $8.03 Million in FirstCash Holdings, Inc. $FCFS

Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 37,100 shares of the company’s stock, valued at approximately $8,025,472. FirstCash accounts for about 0.0% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 21st biggest holding. Philadelphia Financial Management of San Francisco LLC owned approximately 0.09% of FirstCash at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock worth $2,761,000 after buying an additional 1,021 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of FirstCash by 9.7% in the first 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 in the last quarter. Jane Street Group LLC increased its position in shares of FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock valued at $7,467,000 after purchasing an additional 43,653 shares during the period. American Century Companies Inc. lifted its stake in shares of FirstCash by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock valued at $1,917,000 after purchasing an additional 666 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in FirstCash by 67.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after acquiring an additional 8,402 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Trading Down 2.2%

Shares of FCFS traded down $4.86 during mid-day trading on Friday, reaching $219.21. 401,916 shares of the company’s stock traded hands, compared to its average volume of 381,218. The stock’s 50-day moving average is $214.37 and its two-hundred day moving average is $208.62. The stock has a market cap of $9.51 billion, a P/E ratio of 25.02 and a beta of 0.53. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The business’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. Research analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s dividend payout ratio is 19.18%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FCFS shares. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Monday, August 10th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, TD Cowen raised their price target on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.00.

Insider Activity at FirstCash

In related news, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. The trade was a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Howard F. Hambleton sold 2,000 shares of FirstCash stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the sale, the insider owned 30,406 shares of the company’s stock, valued at $6,475,869.88. The trade was a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 17,183 shares of company stock worth $3,761,228. Corporate insiders own 2.86% of the company’s stock.

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.