Future Fund LLC Acquires 4,024 Shares of FirstCash Holdings, Inc. $FCFS

Future Fund LLC boosted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 27.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,889 shares of the company’s stock after acquiring an additional 4,024 shares during the period. FirstCash accounts for about 1.2% of Future Fund LLC’s investment portfolio, making the stock its 23rd largest holding. Future Fund LLC’s holdings in FirstCash were worth $3,551,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FCFS. Harbor Investment Advisory LLC purchased a new position in shares of FirstCash in the 1st quarter worth about $26,000. Geneos Wealth Management Inc. purchased a new stake in FirstCash during the 1st quarter valued at about $29,000. Assetmark Inc. increased its stake in FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in FirstCash by 490.9% during the 4th 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 in the last quarter. Finally, High Point Wealth Management LLC purchased a new position in FirstCash in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the transaction, the insider owned 32,406 shares of the company’s stock, valued at $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $217.40, for a total transaction of $326,100.00. Following the transaction, the director owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,500 shares of company stock worth $6,243,104. 2.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on FCFS shares. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group boosted their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. TD Cowen increased their target price on 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 lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, FirstCash presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $213.61 on Friday. The firm’s 50-day moving average price is $221.93 and its 200-day moving average price is $199.51. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. The company has a market cap of $9.36 billion, a PE ratio of 26.77 and a beta of 0.53. FirstCash Holdings, Inc. has a 52-week low of $119.21 and a 52-week high of $235.97.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 11.33 EPS for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. FirstCash’s 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.