Kingsview Wealth Management LLC Purchases Shares of 19,026 FirstCash Holdings, Inc. $FCFS

Kingsview Wealth Management LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,026 shares of the company’s stock, valued at approximately $4,116,000.

Other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its position in shares of FirstCash by 9.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock worth $89,296,000 after purchasing an additional 40,535 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in FirstCash by 70,840.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock valued at $7,010,000 after purchasing an additional 43,921 shares during the period. Fourth Sail Capital LP purchased a new position in FirstCash in the 4th quarter worth approximately $17,439,000. Brant Point Investment Management LLC purchased a new position in FirstCash in the 4th quarter worth approximately $2,391,000. Finally, Hsbc Holdings PLC bought a new position in FirstCash in the 4th quarter worth approximately $5,476,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

Shares of FirstCash stock opened at $219.21 on Friday. The firm has a market cap of $9.51 billion, a PE ratio of 25.02 and a beta of 0.53. The stock has a 50 day moving average of $214.22 and a 200 day moving average of $208.69. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93.

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 analysts’ consensus estimates of $2.39 by $0.11. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. On average, research analysts expect that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is 19.18%.

Insider Buying and Selling at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total transaction of $425,960.00. Following the completion of the transaction, the insider owned 30,406 shares in the company, valued at $6,475,869.88. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 5,348 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the transaction, the chief operating officer owned 135,498 shares of the company’s stock, valued at $29,081,935.74. This trade represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 17,183 shares of company stock worth $3,761,228. Company insiders own 2.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.