Virtu Financial LLC Purchases Shares of 4,817 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Virtu Financial LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,817 shares of the company’s stock, valued at approximately $553,000.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FirstCash in the second quarter valued at $54,000. CWM LLC lifted its holdings 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 acquiring an additional 348 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 202 shares during the last quarter. Quarry LP grew its stake in shares of FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FirstCash in the 3rd quarter worth approximately $133,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stephens started coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company. TD Cowen reduced their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

FirstCash Stock Performance

Shares of FCFS opened at $106.30 on Friday. The company has a 50-day moving average of $108.33 and a two-hundred day moving average of $111.13. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 19.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s payout ratio is 28.15%.

FirstCash Company Profile

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.