Summit Trail Advisors LLC Sells 241 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Summit Trail Advisors LLC lowered its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,796 shares of the company’s stock after selling 241 shares during the quarter. Summit Trail Advisors LLC’s holdings in FirstCash were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Algert Global LLC boosted its stake in FirstCash by 21.8% in the 3rd quarter. Algert Global LLC now owns 12,450 shares of the company’s stock worth $1,429,000 after purchasing an additional 2,230 shares during the period. Citigroup Inc. boosted its stake in FirstCash by 137.2% in the 3rd quarter. Citigroup Inc. now owns 34,143 shares of the company’s stock worth $3,920,000 after purchasing an additional 19,749 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in FirstCash by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock worth $57,200,000 after purchasing an additional 37,810 shares during the period. Intech Investment Management LLC boosted its stake in FirstCash by 52.0% in the 3rd quarter. Intech Investment Management LLC now owns 14,845 shares of the company’s stock worth $1,704,000 after purchasing an additional 5,081 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in FirstCash by 17.8% in the 3rd quarter. King Luther Capital Management Corp now owns 29,176 shares of the company’s stock worth $3,349,000 after purchasing an additional 4,399 shares during the period. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS opened at $107.10 on Wednesday. The company has a market cap of $4.79 billion, a PE ratio of 19.83 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $110.38 and a 200-day moving average price of $112.03. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.56 EPS. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.42%. FirstCash’s dividend payout ratio is 28.15%.

Wall Street Analyst Weigh In

Several brokerages have commented on FCFS. Stephens initiated coverage on FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price for the company. TD Cowen dropped their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

Insider Activity at FirstCash

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

About FirstCash

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.