Redwood Investments LLC grew its holdings in shares of FirstCash Inc (NYSE:FCFS) by 18.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 243,317 shares of the credit services provider’s stock after purchasing an additional 37,168 shares during the period. FirstCash makes up 1.5% of Redwood Investments LLC’s portfolio, making the stock its 10th biggest holding. Redwood Investments LLC’s holdings in FirstCash were worth $21,047,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. HL Financial Services LLC raised its position in FirstCash by 2.8% during the fourth quarter. HL Financial Services LLC now owns 4,598 shares of the credit services provider’s stock valued at $333,000 after acquiring an additional 127 shares in the last quarter. Bank of Montreal Can lifted its position in FirstCash by 1.8% in the first quarter. Bank of Montreal Can now owns 9,516 shares of the credit services provider’s stock worth $823,000 after purchasing an additional 170 shares during the period. Ramsey Quantitative Systems lifted its position in FirstCash by 5.7% in the fourth quarter. Ramsey Quantitative Systems now owns 3,583 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 192 shares during the period. Piedmont Investment Advisors Inc. lifted its position in FirstCash by 2.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,425 shares of the credit services provider’s stock worth $754,000 after purchasing an additional 229 shares during the period. Finally, One Wealth Advisors LLC lifted its holdings in shares of FirstCash by 7.4% during the fourth quarter. One Wealth Advisors LLC now owns 3,423 shares of the credit services provider’s stock valued at $248,000 after acquiring an additional 236 shares during the period. 95.30% of the stock is owned by institutional investors.
Shares of FirstCash stock traded down $0.46 during trading on Friday, reaching $95.52. The company’s stock had a trading volume of 750 shares, compared to its average volume of 215,307. FirstCash Inc has a one year low of $66.28 and a one year high of $100.43.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%.
A number of research analysts have issued reports on the company. JMP Securities lifted their price objective on FirstCash from $95.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, April 25th. Zacks Investment Research raised FirstCash from a “sell” rating to a “hold” rating and set a $110.00 price objective for the company in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. FirstCash presently has an average rating of “Hold” and a consensus target price of $94.60.
In related news, Director Daniel R. Feehan sold 3,907 shares of FirstCash stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $89.66, for a total value of $350,301.62. Following the completion of the sale, the director now directly owns 56,008 shares in the company, valued at $5,021,677.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 12,500 shares of FirstCash stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $98.16, for a total value of $1,227,000.00. Following the completion of the sale, the chief financial officer now owns 142,500 shares of the company’s stock, valued at $13,987,800. The disclosure for this sale can be found here. Insiders sold 42,500 shares of company stock valued at $3,958,604 over the last ninety days. 2.83% of the stock is currently owned by company insiders.
FirstCash Company Profile
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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