Top 5 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners

Below we present the list of the top 5 must-have finance stocks according to Parsa Kiai’s Steamboat Capital Partners. For our methodology and a more comprehensive list, go directly to Top 10 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners.

5. CURO Group Holdings Corp. (NYSE:CURO)

CURO Group Holdings Corp. (NYSE:CURO) ranks third on the list of Steamboat Capital Partners’ top finance stock picks, with the fund owning 952,425 CURO shares on September 30 worth $16.51 million. Hedge fund ownership of CURO nearly doubled between the third quarter of 2020 and the first quarter of 2021, but decline by over 25% during the following two quarters.

The financing and loan services company completed its acquisition of consumer finance company Heights Finance at the end of 2021. CURO Group Holdings Corp. (NYSE:CURO) expects the deal to be accretive to the tune of $0.60 per share in 2022 and further bolsters the company’s geographic footprint.

CURO Group Holdings Corp. (NYSE:CURO) beat consensus Q3 revenue estimates, pulling in $209.28 million thanks in part to strong loan growth in Canada, where lending balances grew by 37% and revenue jumped by 63% year-over-year. CURO acquired Canadian point-of-sale (POS) company Flexiti early in 2021 and the division had a strong Q3, with originations more than doubling year-over-year.