Envestnet Asset Management Inc. Cuts Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Envestnet Asset Management Inc. lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,772 shares of the company’s stock after selling 449 shares during the quarter. Envestnet Asset Management Inc.’s holdings in FirstCash were worth $24,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCFS. MBM Wealth Consultants LLC boosted its stake in FirstCash by 1.6% during the 1st quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company’s stock valued at $693,000 after purchasing an additional 90 shares during the period. Bank of Nova Scotia increased its stake in FirstCash by 3.6% in the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company’s stock valued at $353,000 after buying an additional 117 shares during the period. State of Alaska Department of Revenue grew its position in FirstCash by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company’s stock worth $1,029,000 after acquiring an additional 120 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of FirstCash by 1.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,960 shares of the company’s stock worth $1,239,000 after buying an additional 127 shares during the period. Finally, EntryPoint Capital LLC boosted its holdings in FirstCash by 6.6% in the 4th quarter. EntryPoint Capital LLC now owns 2,319 shares of the company’s stock valued at $240,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the completion of the sale, the insider directly owned 32,481 shares in the company, valued at $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 14.77% of the company’s stock.

FirstCash Stock Down 1.1%

FCFS opened at $129.94 on Wednesday. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.79 and a beta of 0.62. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $130.55 and a 200-day moving average price of $121.36. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $138.42.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. The company had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. FirstCash’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. Equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash’s dividend payout ratio (DPR) is 24.32%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

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.