Meeder Asset Management Inc. lifted its stake in FirstCash Inc (NYSE:FCFS) by 2,404.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,785 shares of the credit services provider’s stock after purchasing an additional 5,554 shares during the quarter. Meeder Asset Management Inc.’s holdings in FirstCash were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in FCFS. Grandeur Peak Global Advisors LLC bought a new position in shares of FirstCash in the 3rd quarter valued at approximately $54,801,000. APG Asset Management N.V. raised its stake in shares of FirstCash by 320.6% in the 4th quarter. APG Asset Management N.V. now owns 124,500 shares of the credit services provider’s stock valued at $6,993,000 after acquiring an additional 94,900 shares in the last quarter. Boston Advisors LLC raised its stake in shares of FirstCash by 18.2% in the 4th quarter. Boston Advisors LLC now owns 197,035 shares of the credit services provider’s stock valued at $13,290,000 after acquiring an additional 30,308 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of FirstCash in the 3rd quarter valued at approximately $1,736,000. Finally, Earnest Partners LLC raised its stake in shares of FirstCash by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after acquiring an additional 22,690 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.
FirstCash Inc (NYSE:FCFS) traded down $0.45 during mid-day trading on Friday, hitting $72.15. The stock had a trading volume of 253,968 shares, compared to its average volume of 268,785. The company has a market capitalization of $3,404.54, a P/E ratio of 26.24, a P/E/G ratio of 1.08 and a beta of 0.80. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20. FirstCash Inc has a 12 month low of $42.70 and a 12 month high of $75.35.
FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.10. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The business had revenue of $480.21 million during the quarter, compared to the consensus estimate of $467.32 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. analysts predict that FirstCash Inc will post 3.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.22 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 13th. FirstCash’s dividend payout ratio is 29.24%.
Several research analysts have commented on the company. BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research lowered FirstCash from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine lowered FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target (up previously from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $71.83.
In other FirstCash news, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the sale, the chief financial officer now owns 172,000 shares in the company, valued at $12,629,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Brent Stuart acquired 1,080 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the purchase, the insider now directly owns 8,283 shares of the company’s stock, valued at $609,960.12. The disclosure for this purchase can be found here. 2.75% of the stock is owned by corporate insiders.
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FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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