Earnest Partners LLC decreased its holdings in shares of FirstCash Inc (NYSE:FCFS) by 6.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,382,044 shares of the credit services provider’s stock after selling 92,071 shares during the period. Earnest Partners LLC’s holdings in FirstCash were worth $93,219,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Aperio Group LLC boosted its position in FirstCash by 5.4% in the fourth quarter. Aperio Group LLC now owns 16,520 shares of the credit services provider’s stock valued at $1,114,000 after buying an additional 846 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in FirstCash by 5.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock valued at $1,370,000 after buying an additional 1,000 shares during the last quarter. Swiss National Bank boosted its position in FirstCash by 1.6% in the fourth quarter. Swiss National Bank now owns 81,412 shares of the credit services provider’s stock valued at $5,491,000 after buying an additional 1,300 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in FirstCash by 4.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 32,305 shares of the credit services provider’s stock valued at $2,179,000 after buying an additional 1,401 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in FirstCash by 12.9% in the fourth quarter. Brown Advisory Inc. now owns 12,274 shares of the credit services provider’s stock valued at $829,000 after buying an additional 1,407 shares during the last quarter. Institutional investors and hedge funds own 96.24% of the company’s stock.
In related news, insider Thomas Brent Stuart purchased 1,080 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $73.64 per share, with a total value of $79,531.20. Following the completion of the acquisition, the insider now owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the transaction, the chief financial officer now directly owns 172,000 shares of the company’s stock, valued at $12,629,960. The disclosure for this sale can be found here. Insiders own 2.75% of the company’s stock.
FirstCash Inc (FCFS) opened at $78.80 on Monday. FirstCash Inc has a twelve month low of $43.05 and a twelve month high of $79.20. The stock has a market capitalization of $3,668.52, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.99 and a quick ratio of 4.69.
FirstCash (NYSE:FCFS) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The company had revenue of $480.21 million during the quarter, compared to the consensus estimate of $467.32 million. During the same period in the previous year, the company posted $0.77 earnings per share. FirstCash’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts predict that FirstCash Inc will post 3.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This is an increase from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.12%. FirstCash’s payout ratio is presently 29.24%.
COPYRIGHT VIOLATION NOTICE: “FirstCash Inc (FCFS) Shares Sold by Earnest Partners LLC” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/03/12/firstcash-inc-fcfs-shares-sold-by-earnest-partners-llc.html.
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 (NYSE:FCFS).
Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.