Kingsview Wealth Management LLC Makes New $4.12 Million Investment in FirstCash Holdings, Inc. $FCFS

Kingsview Wealth Management LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,026 shares of the company’s stock, valued at approximately $4,116,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FCFS. Villanova Investment Management Co LLC increased its holdings in shares of FirstCash by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock valued at $2,037,000 after acquiring an additional 54 shares during the last quarter. Root Financial Partners LLC lifted its holdings in FirstCash by 29.6% in the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after purchasing an additional 56 shares during the last quarter. Arista Wealth Management LLC lifted its holdings in FirstCash by 1.4% in the 2nd quarter. Arista Wealth Management LLC now owns 4,193 shares of the company’s stock worth $907,000 after purchasing an additional 56 shares during the last quarter. State of Michigan Retirement System boosted its position in FirstCash by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company’s stock worth $1,751,000 after purchasing an additional 100 shares during the period. Finally, Assetmark Inc. boosted its position in FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $219.21 on Friday. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 25.02 and a beta of 0.53. The business has a 50 day moving average price of $214.22 and a 200 day moving average price of $208.69. 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 Holdings, Inc. has a twelve month low of $144.56 and a twelve month high of $238.93.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. Research analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.42 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is presently 19.18%.

Insider Activity 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 value of $425,960.00. Following the completion of the sale, the insider directly owned 30,406 shares of the company’s stock, valued at $6,475,869.88. This represents a 6.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,183 shares of company stock worth $3,761,228. 2.86% of the stock is owned by insiders.

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.