Vaughan Nelson Investment Management L.P. Buys Shares of 437,205 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Vaughan Nelson Investment Management L.P. purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the third quarter, HoldingsChannel.com reports. The fund purchased 437,205 shares of the company’s stock, valued at approximately $50,192,000.

A number of other large investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in FirstCash by 174.3% in the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after purchasing an additional 101,130 shares in the last quarter. Royce & Associates LP increased its holdings in shares of FirstCash by 61.5% in the third quarter. Royce & Associates LP now owns 88,565 shares of the company’s stock worth $10,167,000 after purchasing an additional 33,729 shares during the period. Zions Bancorporation N.A. raised its position in shares of FirstCash by 18.1% in the third quarter. Zions Bancorporation N.A. now owns 14,730 shares of the company’s stock worth $1,691,000 after buying an additional 2,256 shares in the last quarter. KBC Group NV boosted its stake in FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after buying an additional 205 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in FirstCash during the third quarter worth about $730,000. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $120.07, for a total value of $72,042.00. Following the transaction, the director now owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock worth $1,909,562 in the last 90 days. 14.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FCFS has been the subject of a number of research analyst reports. Stephens started coverage on FirstCash in a research report on Wednesday. They set an “overweight” rating and a $137.00 price target for the company. TD Cowen dropped their target price 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.

FirstCash Trading Down 0.9 %

Shares of FCFS stock opened at $105.77 on Friday. The business has a 50-day moving average price of $111.90 and a two-hundred day moving average price of $112.66. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The firm has a market cap of $4.73 billion, a P/E ratio of 19.59 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the company posted $1.56 EPS. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio is currently 28.15%.

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.