Mutual of America Capital Management LLC Lowers Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mutual of America Capital Management LLC trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,892 shares of the company’s stock after selling 1,189 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of FirstCash worth $2,481,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Pinkerton Retirement Specialists LLC acquired a new position in shares of FirstCash during the 4th quarter worth approximately $603,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of FirstCash by 2.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,116 shares of the company’s stock worth $1,855,000 after buying an additional 451 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of FirstCash during the 4th quarter worth approximately $665,000. State of Michigan Retirement System raised its stake in shares of FirstCash by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 8,915 shares of the company’s stock worth $966,000 after buying an additional 100 shares during the period. Finally, Fifth Third Bancorp raised its stake in FirstCash by 4.8% in the 4th quarter. Fifth Third Bancorp now owns 16,435 shares of the company’s stock valued at $1,781,000 after purchasing an additional 748 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCFS has been the subject of several recent research reports. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens increased their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

FirstCash Stock Up 1.3 %

NASDAQ FCFS opened at $130.41 on Friday. The business has a fifty day moving average price of $121.52 and a 200 day moving average price of $113.81. FirstCash Holdings, Inc. has a one year low of $88.05 and a one year high of $133.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. The company has a market cap of $5.88 billion, a P/E ratio of 27.17 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The business had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. During the same period last year, the company earned $1.65 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts anticipate that FirstCash Holdings, Inc. will post 6.93 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the sale, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Douglas Richard Rippel sold 25,968 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $116.10, for a total transaction of $3,014,884.80. Following the completion of the transaction, the director now directly owns 5,946,649 shares in the company, valued at approximately $690,405,948.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The disclosure for this sale can be found here. Insiders sold 329,984 shares of company stock valued at $38,850,386 in the last three months. 18.08% of the stock is currently owned by insiders.

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.