FirstCash Holdings, Inc. (NASDAQ:FCFS) short interest fell 9.2% in September

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FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Free Report ) received a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 853,400 shares, down 9.2% from the August 31st total of 939,500 shares. Based on an average daily trading volume of 299,200 shares, the short interest rate is currently 2.9 days. About 2.2% of the company’s shares are short-sold.

Insider buying and selling

In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of FirstCash stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the sale, the director now directly owns 4,743,159 shares in the company, valued at $569,226,511.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64. Following the transaction, the director now directly owns 4,743,159 shares of the company’s stock, valued at $569,226,511.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares in the company, valued at $9,722,833.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,154 shares of company stock worth $1,912,562. Insiders own 14.77% of the company’s shares.

Hedge funds influence FirstCash

A number of institutional investors and hedge funds have recently bought and sold shares of FCFS. Quadrature Capital Ltd purchased a new stake in FirstCash in the 4th quarter valued at $1,752,000. SG Capital Management LLC acquired a new position in FirstCash in the first quarter valued at about $3,348,000. Sei Investments Co. lifted its position in shares of FirstCash by 6.3% in the first quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock worth $77,983,000 after acquiring an additional 36,181 shares during the period. Stephens Inc. AR grew its holdings in shares of FirstCash by 23.6% during the 4th quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock worth $3,050,000 after buying an additional 5,377 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of FirstCash by 10.2% in the first quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company’s stock valued at $10,230,000 after buying an additional 7,399 shares during the period. Institutional investors hold 80.30% of the company’s shares.

FirstCash Stock Performance

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FCFS stock traded up $0.12 during mid-day trading on Friday, reaching $114.51. 208,601 shares of the stock traded hands, compared to its average volume of 244,889. The firm has a market cap of $5.21 billion, a PE ratio of 22.32 and a beta of 0.62. The company has a 50 day moving average of $115.51 and a two hundred day moving average of $116.17. FirstCash has a 52 week low of $97.13 and a 52 week high of $133.64. The company has a quick ratio of 3.04, a current ratio of 4.03, and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS – Get Your Free Report ) last announced its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. In the same quarter last year, the company earned $1.22 EPS. As a group, equities analysts forecast that FirstCash will post 6.56 EPS for the current fiscal year.

FirstCash is raising dividends

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.38 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, August 15. This represents an annualized dividend of $1.52 and a dividend yield of 1.33%. FirstCash’s dividend payout ratio (DPR) is currently 29.63%.

Analyst upgrades and downgrades

Separately, BTIG Research initiated coverage on FirstCash in a research report on Friday, June 7th. They set a “neutral” rating on the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and an average price target of $142.00.

See the latest stock analysis on FirstCash

FirstCash Company Profile

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FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn shops in the United States, Mexico and the rest of Latin America. The company operates in three segments: US Pawn, Latin America Pawn and Retail POS Payment Solutions segments. Its pawn shops lend money against the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods and musical instruments; and retail merchandise purchased through foreclosures on bad mortgage loans and stock market purchases directly from customers.