NN Investment Partners Holdings N.V. bought a new stake in FirstCash Inc (NYSE:FCFS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 600 shares of the credit services provider’s stock, valued at approximately $40,000.
A number of other large investors have also bought and sold shares of the stock. Dupont Capital Management Corp grew its holdings in shares of FirstCash by 209.9% during the second quarter. Dupont Capital Management Corp now owns 18,845 shares of the credit services provider’s stock worth $1,272,000 after purchasing an additional 12,764 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of FirstCash during the second quarter worth about $72,000. First Trust Advisors LP purchased a new position in shares of FirstCash during the second quarter worth about $395,000. Assenagon Asset Management S.A. grew its holdings in shares of FirstCash by 182.0% during the second quarter. Assenagon Asset Management S.A. now owns 14,202 shares of the credit services provider’s stock worth $958,000 after purchasing an additional 9,165 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of FirstCash during the second quarter worth about $63,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:FCFS opened at $57.64 on Friday. The company has a 50-day moving average price of $65.89 and a 200 day moving average price of $73.88. FirstCash Inc has a 52 week low of $57.08 and a 52 week high of $105.00.
FirstCash (NYSE:FCFS) last posted its quarterly earnings results on Wednesday, July 22nd. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.12. The company had revenue of $412.75 million for the quarter, compared to analyst estimates of $436.55 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. FirstCash’s revenue was down 7.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.87%.
FCFS has been the subject of several recent research reports. Wedbush downgraded shares of FirstCash from an “outperform” rating to a “neutral” rating in a research note on Friday, July 24th. Zacks Investment Research downgraded shares of FirstCash from a “hold” rating to a “sell” rating in a research report on Wednesday.
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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