Dean Capital Management acquired a new position in FirstCash Inc (NASDAQ:FCFS) during the first quarter, Holdings Channel reports. The institutional investor acquired 34,450 shares of the credit services provider’s stock, valued at approximately $1,693,000.
Several other hedge funds have also recently added to or reduced their stakes in FCFS. BlackRock Inc. increased its stake in FirstCash by 77,659.7% in the first quarter. BlackRock Inc. now owns 5,898,853 shares of the credit services provider’s stock worth $289,930,000 after buying an additional 5,891,267 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in FirstCash by 27.6% in the first quarter. Fiduciary Management Inc. WI now owns 3,029,034 shares of the credit services provider’s stock worth $148,877,000 after buying an additional 654,624 shares during the last quarter. Wellington Management Group LLP increased its stake in FirstCash by 98.6% in the first quarter. Wellington Management Group LLP now owns 1,267,147 shares of the credit services provider’s stock worth $62,280,000 after buying an additional 629,104 shares during the last quarter. Norges Bank purchased a new stake in FirstCash during the fourth quarter worth approximately $24,894,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in FirstCash during the first quarter worth approximately $15,612,000.
Shares of FirstCash Inc (NASDAQ:FCFS) traded down 0.27% during mid-day trading on Wednesday, reaching $55.70. The company had a trading volume of 147,132 shares. The company’s 50-day moving average is $53.47 and its 200 day moving average is $47.64. The stock has a market capitalization of $2.69 billion, a P/E ratio of 28.10 and a beta of 0.90. FirstCash Inc has a 52-week low of $39.80 and a 52-week high of $56.80.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 27th. The credit services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business had revenue of $447.60 million during the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 144.3% on a year-over-year basis. Analysts anticipate that FirstCash Inc will post $2.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.76 annualized dividend and a yield of 1.36%. FirstCash’s dividend payout ratio is currently 25.38%.
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FCFS has been the subject of a number of research analyst reports. TheStreet upgraded FirstCash from a “c+” rating to a “b” rating in a report on Monday, April 17th. Zacks Investment Research upgraded FirstCash from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of FirstCash in a report on Friday, April 7th. Finally, Wedbush increased their price target on FirstCash from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, April 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.43.
In related news, CFO R Douglas Orr sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $52.50, for a total value of $262,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 15,000 shares of company stock worth $800,000 over the last 90 days.
FirstCash Company Profile
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Inc (NASDAQ:FCFS).
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