Sanctuary Advisors LLC Acquires Shares of 7,108 FirstCash Holdings, Inc. $FCFS

Sanctuary Advisors LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,108 shares of the company’s stock, valued at approximately $1,538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new position in shares of FirstCash during the first quarter valued at about $26,000. Geneos Wealth Management Inc. purchased a new stake in FirstCash in the first quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of FirstCash during the second quarter valued at approximately $34,000. Assetmark Inc. lifted its holdings in shares of FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $219.82 on Thursday. FirstCash Holdings, Inc. has a twelve month low of $144.56 and a twelve month high of $238.93. The firm has a market cap of $9.53 billion, a P/E ratio of 25.09 and a beta of 0.53. The company has a 50 day moving average of $214.43 and a 200 day moving average of $208.32. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01.

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, beating the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The firm’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. As a group, research analysts expect that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash’s dividend payout ratio is presently 19.18%.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the sale, the chief financial officer directly owned 34,734 shares of the company’s stock, valued at $7,502,544. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $225.23, for a total value of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,183 shares of company stock valued at $3,761,228. 2.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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