CURO Group (NYSE:CURO – Get Rating) released its quarterly results on Monday. The company reported $0.15 per share for the quarter, beating the consensus estimate of $0.12 by $0.03, reports MarketWatch Earnings. The CURO Group had a return on equity of 15.71% and a net margin of 7.25%. For the same period last year, the company posted earnings per share of $0.64.
NYSE:CURO fell $1.25 during Tuesday’s trading hours to hit $10.45. The company’s shares had a trading volume of 490 shares compared to an average volume of 78,975. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt to equity ratio of 12.14. CURO Group has a yearly low of $10.56 and a yearly high of $20.10. The company has a 50-day moving average of $12.37. The company has a market cap of $420.51 million, a P/E of 9.44 and a beta of 2.56.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. On Friday, February 18, shareholders of record were paid a dividend of $0.11 per share. That equates to an annualized dividend of $0.44 and a yield of 4.21%. The ex-dividend date was Thursday February 17th. The CURO Group’s dividend payout ratio (DPR) is currently 35.48%.
Separately, Zacks Investment Research downgraded CURO Group from a “strong buy” rating to a “hold” rating in a research report on Wednesday, January 19.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CURO. JPMorgan Chase & Co. increased its stake in CURO Group by 41.8% in the fourth quarter. JPMorgan Chase & Co. now owns 68,137 shares of the company’s stock valued at $1,090,000, having purchased an additional 20,076 shares during the period. invesco ltd increased its stake in CURO Group shares by 10.2% in the third quarter. invesco ltd now owns 55,827 shares of the company, valued at $968,000, having purchased an additional 5,149 shares during the period. Barclays PLC increased its stake in CURO Group by 115.9% in the fourth quarter. Barclays PLC now owns 29,189 shares of the company, valued at $467,000, having purchased an additional 15,670 shares during the period. California State Teachers Retirement System increased its stake in CURO Group by 138.9% in the fourth quarter. The California State Teachers Retirement System now owns 27,096 shares of the company, valued at $434,000, after purchasing an additional 15,752 shares during the period. Finally, Bank of America Corp DE increased its position in CURO Group shares by 69.3% in the fourth quarter. Bank of America Corp DE now owns 19,873 shares of the company’s stock, valued at $318,000, after purchasing an additional 8,137 shares last quarter. Institutional investors and hedge funds own 38.78% of the company’s shares.
Company profile of the CURO Group (get rating)
CURO Group Holdings Corp. together with its subsidiaries, offers consumer finance products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, perpetual and one-time payment loans, and ancillary financial products including check cashing, proprietary prepaid reloadable debit cards, money market accounts, credit protection insurance, retail installment sales, and money transfer services.
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