FCFS - Sell Alert: Douglas R. Rippel Cashes Out $7.18M In FirstCash Hldgs Stock | Benzinga
Disclosed on February 12, Douglas R. Rippel, Director at FirstCash Hldgs (NASDAQ:FCFS), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that Rippel executed a sale of 61,042 shares of FirstCash Hldgs with a total value of $7,182,813.
FirstCash Hldgs shares are trading down 1.03% at $117.78 at the time of this writing on Tuesday morning.
Discovering FirstCash Hldgs: A Closer Look
FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. The the company has three reportable segments: U.S. pawn; Latin America pawn; and Retail POS payment solutions (AFF). It derives majority revenue from U.S. Pawn segment. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores.
Key Indicators: FirstCash Hldgs's Financial Health
Revenue Growth: FirstCash Hldgs's revenue growth over a period of 3 months has been noteworthy. ...