Advantage Alpha Capital Partners LP Invests $3.71 Million in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Advantage Alpha Capital Partners LP bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 32,293 shares of the company’s stock, valued at approximately $3,707,000. Advantage Alpha Capital Partners LP owned approximately 0.07% of FirstCash as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FirstCash during the second quarter worth approximately $54,000. CWM LLC increased its holdings in FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC increased its holdings in FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares in the last quarter. Lazard Asset Management LLC raised its position in FirstCash by 220.3% in the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock valued at $124,000 after purchasing an additional 672 shares during the last quarter. Finally, Quarry LP boosted its stake in FirstCash by 511.1% in the second quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

FirstCash Stock Up 3.4 %

Shares of FCFS opened at $107.94 on Tuesday. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.99 and a beta of 0.64. FirstCash Holdings, Inc. has a 52 week low of $101.62 and a 52 week high of $133.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The business’s fifty day moving average price is $110.60 and its two-hundred day moving average price is $112.12.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. During the same period in the previous year, the business posted $1.56 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FCFS. Stephens started coverage on FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target for the company. TD Cowen dropped their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the transaction, the director now directly owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,290 shares of company stock worth $1,565,853. Insiders own 14.77% of the company’s stock.

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.