First Wilshire Securities Management Inc Lowers stake in Cash America International Inc (CSH)

Cash America International Inc (CSH) : First Wilshire Securities Management Inc reduced its stake in Cash America International Inc by 18.84% during the most recent quarter end. The investment management company now holds a total of 210,530 shares of Cash America International Inc which is valued at $9,166,476 after selling 48,865 shares in Cash America International Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cash America International Inc makes up approximately 2.71% of First Wilshire Securities Management Inc’s portfolio.

Other Hedge Funds, Including , Millennium Management added CSH to its portfolio by purchasing 8,996 company shares during the most recent quarter which is valued at $391,686.Paradigm Asset Management Co reduced its stake in CSH by selling 400 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 14,500 shares of CSH which is valued at $631,330. Cash America International Inc makes up approx 0.11% of Paradigm Asset Management Co’s portfolio. Cable Hill Partners sold out all of its stake in CSH during the most recent quarter. The investment firm sold 39 shares of CSH which is valued $1,698.Blackrock Group Ltd boosted its stake in CSH in the latest quarter, The investment management firm added 1,679 additional shares and now holds a total of 45,395 shares of Cash America International Inc which is valued at $1,976,498.

Cash America International Inc closed down -1.33 points or -3.06% at $42.2 with 18,16,974 shares getting traded on Thursday. Post opening the session at $43.55, the shares hit an intraday low of $41.74 and an intraday high of $43.55 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Cash America International Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $241.20 million for the quarter, compared to analysts expectations of $250.05 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Cash America International Inc. (Cash America) provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans commonly referred to as pawn loans as its primary line of business. The Company is also engaged in originating arranging guaranteeing or purchasing consumer loans in some of its locations. Cash America also offers check cashing and other ancillary products and services including money orders wire transfers prepaid debit cards and auto insurance. The Company’s franchised check cashing business offers check cashing services through its franchised check cashing centers. The Company provides its services in the United States under the names Cash America Pawn SuperPawn Cash America Payday Advance Cashland and Mr. Payroll. As of December 31 2014 the Company had a total of 859 locations that offered pawn lending and consumer lending in the United States.

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