Callan Family Office LLC Invests $397,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Callan Family Office LLC purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,829 shares of the company’s stock, valued at approximately $397,000.

Several other large investors have also modified their holdings of FCFS. J.Safra Asset Management Corp lifted its position in shares of FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares in the last quarter. R Squared Ltd acquired a new stake in shares of FirstCash during the fourth quarter worth about $92,000. KBC Group NV grew its position in FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in FirstCash during the third quarter worth $204,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $115.42 on Monday. The stock has a market cap of $5.17 billion, a PE ratio of 20.14 and a beta of 0.63. The business’s fifty day moving average price is $111.48 and its two-hundred day moving average price is $110.95. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is 26.53%.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an “overweight” rating and set a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.