FirstCash Holdings, Inc. $FCFS Shares Sold by Diversified Management Inc.

Diversified Management Inc. decreased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 85.6% in the 2nd quarter, Holdings Channel reports. The firm owned 1,703 shares of the company’s stock after selling 10,151 shares during the period. Diversified Management Inc.’s holdings in FirstCash were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new position in FirstCash in the first quarter valued at $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of FirstCash during the first quarter worth about $29,000. CIBC Private Wealth Group LLC boosted its stake in shares of FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after buying an additional 162 shares during the period. High Point Wealth Management LLC acquired a new stake in shares of FirstCash during the fourth quarter worth about $33,000. Finally, Assetmark Inc. grew its holdings in shares of FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the completion of the transaction, the chief operating officer directly owned 140,846 shares of the company’s stock, valued at approximately $32,181,902.54. This represents a 6.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total value of $1,539,447.05. Following the transaction, the senior vice president directly owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,000 shares of company stock worth $5,917,004 over the last quarter. 2.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FCFS. TD Cowen boosted their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings raised FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, FirstCash has a consensus rating of “Buy” and a consensus target price of $249.00.

FirstCash Stock Down 0.2%

FCFS stock opened at $208.37 on Wednesday. FirstCash Holdings, Inc. has a one year low of $135.64 and a one year high of $235.97. The stock has a market capitalization of $9.04 billion, a PE ratio of 23.79 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The company has a fifty day moving average of $215.36 and a 200-day moving average of $204.65.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. As a group, analysts expect that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is presently 19.18%.

FirstCash Company 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.