Crown Advisors Management Inc. Sells 5,000 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Crown Advisors Management Inc. cut its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after selling 5,000 shares during the period. FirstCash accounts for about 2.0% of Crown Advisors Management Inc.’s portfolio, making the stock its 21st largest position. Crown Advisors Management Inc.’s holdings in FirstCash were worth $3,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its stake in FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. State Street Corp boosted its stake in FirstCash by 2.1% in the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after purchasing an additional 28,415 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after purchasing an additional 123,386 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock worth $53,866,000 after buying an additional 21,685 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in FirstCash by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock valued at $40,164,000 after acquiring an additional 30,948 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $117.03 on Wednesday. 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 Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a 50 day simple moving average of $113.10 and a two-hundred day simple moving average of $110.84. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 20.42 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate 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, analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.77% of the company’s stock.

FirstCash 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.