Yorktown Management & Research Co Inc Purchases New Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Yorktown Management & Research Co Inc purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,650 shares of the company’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCFS. CWM LLC raised its position in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the last quarter. R Squared Ltd purchased a new stake in FirstCash in the 4th quarter valued at $92,000. GAMMA Investing LLC raised its position in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FirstCash in the 3rd quarter valued at $133,000. Finally, KBC Group NV raised its position in FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

FCFS has been the subject of a number of analyst reports. TD Cowen cut their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Stephens initiated coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $112.59 on Wednesday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 19.65 and a beta of 0.67. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The company’s 50-day moving average price is $107.36 and its 200 day moving average price is $110.79. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.35%. FirstCash’s payout ratio is 26.53%.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.