Profit Investment Exits FirstCash Holdings with $2.58 Million Sale
- Complete Exit: Profit Investment Management disclosed in a recent SEC filing that it fully sold its 16,257 shares in FirstCash Holdings for approximately $2.58 million, indicating a strategic shift in its risk assessment of the stock.
- Asset Management Reduction: This transaction reduced Profit Investment's position in FirstCash from $2.6 million to zero, while its overall stock holdings decreased by 69%, from $79.5 million to $24.7 million, reflecting a broader portfolio downsizing strategy.
- Market Performance: FirstCash shares have increased by 57.16% over the past year, significantly outperforming the S&P 500's 12% return, highlighting its strong position in the non-bank credit sector.
- Investor Attention: Despite Profit Investment's complete exit, FirstCash remains a noteworthy investment, with a total return of 160% over the past five years, equating to a compound annual growth rate of 21%, showcasing its consistent profitability and growth potential.
Get Free Real-Time Notifications for Any Stock
Analyst Views on FCFS
About FCFS
About the author

Profit Investment Exits FirstCash Holdings with $2.58 Million Sale
- Complete Exit: Profit Investment Management disclosed in a recent SEC filing that it fully sold its 16,257 shares in FirstCash Holdings for approximately $2.58 million, indicating a strategic shift in its risk assessment of the stock.
- Asset Management Reduction: This transaction reduced Profit Investment's position in FirstCash from $2.6 million to zero, while its overall stock holdings decreased by 69%, from $79.5 million to $24.7 million, reflecting a broader portfolio downsizing strategy.
- Market Performance: FirstCash shares have increased by 57.16% over the past year, significantly outperforming the S&P 500's 12% return, highlighting its strong position in the non-bank credit sector.
- Investor Attention: Despite Profit Investment's complete exit, FirstCash remains a noteworthy investment, with a total return of 160% over the past five years, equating to a compound annual growth rate of 21%, showcasing its consistent profitability and growth potential.

Visa Introduces USDC Settlement in the U.S. and Promotes Onchain Payments
Visa's USDC Settlement Initiative: Visa Inc. is modernizing payment systems by allowing U.S. institutions to settle obligations using USDC, a stablecoin, alongside traditional methods, enhancing speed and liquidity in transactions.
Collaboration with Circle and Blockchain Development: Visa is partnering with Circle to develop Arc, a high-performance Layer 1 blockchain, aimed at supporting Visa's commercial activities and USDC settlements, further integrating blockchain technology into its operations.
Strategic Positioning in Financial Services: This initiative positions Visa as a bridge between traditional finance and blockchain infrastructure, with plans for broader U.S. access by 2026 and the establishment of a Stablecoins Advisory Practice to assist financial institutions.
Stock Performance and Market Outlook: Visa's shares have increased by 8.7% over the past year, contrasting with a decline in the industry, while other financial service stocks like OppFi, FirstCash, and Dave have shown strong earnings growth and upward revisions in estimates.









