Future Fund LLC Has $2.37 Million Position in FirstCash Holdings, Inc. $FCFS

Future Fund LLC lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,865 shares of the company’s stock after buying an additional 4,451 shares during the period. Future Fund LLC’s holdings in FirstCash were worth $2,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FCFS. Rothschild Investment LLC boosted its position in shares of FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after buying an additional 101 shares during the period. Community Bank N.A. acquired a new position in shares of FirstCash during the third quarter worth about $32,000. High Point Wealth Management LLC acquired a new position in shares of FirstCash during the fourth quarter worth about $33,000. Smartleaf Asset Management LLC boosted its position in shares of FirstCash by 70.5% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after buying an additional 91 shares during the period. Finally, Danske Bank A S acquired a new position in shares of FirstCash during the third quarter worth about $48,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the transaction, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at approximately $8,121,980.86. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the transaction, the chief operating officer directly owned 140,846 shares of the company’s stock, valued at $32,181,902.54. This trade represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 17,500 shares of company stock valued at $3,972,130. 2.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FCFS has been the subject of several recent research reports. TD Cowen upped their price objective on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Canaccord Genuity Group increased their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash presently has a consensus rating of “Buy” and a consensus target price of $198.00.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $219.91 on Friday. The stock has a 50 day moving average price of $210.94 and a 200 day moving average price of $184.69. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The stock has a market capitalization of $9.64 billion, a PE ratio of 27.56 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the firm posted $2.07 earnings per share. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. Analysts predict that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio is 21.05%.

About FirstCash

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.