Crown Advisors Management Inc. lifted its holdings in FirstCash Inc (NYSE:FCFS) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,000 shares of the credit services provider’s stock after purchasing an additional 10,000 shares during the quarter. FirstCash accounts for approximately 3.6% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Crown Advisors Management Inc.’s holdings in FirstCash were worth $4,758,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of FCFS. Intercontinental Wealth Advisors LLC bought a new position in FirstCash in the 4th quarter valued at approximately $49,000. Howe & Rusling Inc. acquired a new stake in FirstCash during the 1st quarter valued at approximately $87,000. Ffcm LLC acquired a new stake in FirstCash during the 4th quarter valued at approximately $141,000. Advisor Group Inc. increased its position in FirstCash by 18.0% during the 4th quarter. Advisor Group Inc. now owns 2,339 shares of the credit services provider’s stock valued at $170,000 after purchasing an additional 356 shares during the period. Finally, Caxton Associates LP acquired a new stake in FirstCash during the 4th quarter valued at approximately $229,000. 95.30% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Daniel R. Feehan sold 3,907 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $89.66, for a total transaction of $350,301.62. Following the completion of the sale, the director now owns 56,008 shares of the company’s stock, valued at approximately $5,021,677.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $96.94, for a total transaction of $727,050.00. Following the sale, the chief financial officer now directly owns 142,500 shares of the company’s stock, valued at approximately $13,813,950. The disclosure for this sale can be found here. Insiders have sold a total of 42,500 shares of company stock valued at $3,958,604 in the last three months. Insiders own 2.83% of the company’s stock.
FirstCash (NYSE:FCFS) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $467.60 million for the quarter, compared to analyst estimates of $453.90 million. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, May 14th.
A number of research firms have weighed in on FCFS. JMP Securities increased their target price on shares of FirstCash from $95.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, April 25th. Zacks Investment Research raised shares of FirstCash from a “sell” rating to a “hold” rating and set a $110.00 target price for the company in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. FirstCash has an average rating of “Hold” and a consensus target price of $94.60.
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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