Marshall Wace LLP Has $14.26 Million Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Marshall Wace LLP grew its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5,338.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 137,597 shares of the company’s stock after acquiring an additional 135,067 shares during the period. Marshall Wace LLP owned about 0.31% of FirstCash worth $14,255,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Rialto Wealth Management LLC bought a new stake in shares of FirstCash in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp lifted its stake in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after acquiring an additional 127 shares during the period. Hurley Capital LLC bought a new stake in FirstCash in the fourth quarter valued at approximately $74,000. R Squared Ltd acquired a new stake in FirstCash during the 4th quarter valued at approximately $92,000. Finally, Parkside Financial Bank & Trust raised its holdings in FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

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

FirstCash Stock Up 1.1 %

FirstCash stock opened at $121.44 on Monday. The company has a market capitalization of $5.44 billion, a PE ratio of 21.19 and a beta of 0.58. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The firm’s fifty day moving average is $117.49 and its 200 day moving average is $111.53. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s payout ratio is currently 26.53%.

Analyst Upgrades and Downgrades

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

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.