Insider Buying: CURO Group Holdings Corp. (NYSE:CURO) CFO Buys 200,000 Shares of Stock

CURO Group Holdings Corp. (NYSE:CURO – Get Rating) CFO Ismail Dawood bought 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average price of $1.09 per share, with a total value of $218,000.00. Following the completion of the purchase, the chief financial officer now directly owns 366,869 shares in the company, valued at approximately $399,887.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CURO Group Stock Up 9.8 %

Shares of CURO opened at $1.12 on Friday. CURO Group Holdings Corp. has a 12 month low of $1.00 and a 12 month high of $8.83. The firm’s 50 day moving average is $1.53 and its 200-day moving average is $2.84. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 19.68.

CURO Group (NYSE:CURO – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.57). CURO Group had a negative return on equity of 71.92% and a negative net margin of 26.06%. The business had revenue of $217.20 million for the quarter, compared to the consensus estimate of $223.32 million. On average, analysts expect that CURO Group Holdings Corp. will post -1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CURO shares. Stephens cut their target price on shares of CURO Group from $5.00 to $3.00 in a research note on Thursday, May 11th. Credit Suisse Group downgraded shares of CURO Group from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.00 to $4.00 in a research report on Friday, February 24th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in CURO Group by 181.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,257 shares of the company’s stock valued at $29,000 after acquiring an additional 3,388 shares during the last quarter. Two Sigma Advisers LP bought a new position in CURO Group in the first quarter valued at approximately $30,000. Barclays PLC increased its stake in CURO Group by 94.3% in the fourth quarter. Barclays PLC now owns 10,240 shares of the company’s stock valued at $36,000 after acquiring an additional 4,969 shares during the last quarter. Baird Financial Group Inc. bought a new position in CURO Group in the fourth quarter valued at approximately $36,000. Finally, Jane Street Group LLC bought a new position in CURO Group in the fourth quarter valued at approximately $36,000. 34.85% of the stock is owned by institutional investors.

About CURO Group

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CURO Group Holdings Corp. is a consumer finance company, which engages in the provision of services and lending products for under banked consumers. It operates through the following segments: U.S. Direct Lending Canada Direct Lending, and Canada POS Lending. The company was founded by Douglas Rippel, Chadwick Faulkner, and Michael McKnight in 1997 and is headquartered in Chicago, IL.