Olympiad Research LP Acquires Shares of 9,703 Upbound Group, Inc. $UPBD

Olympiad Research LP bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,703 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its position in Upbound Group by 7.2% in the 1st quarter. Principal Financial Group Inc. now owns 255,244 shares of the company’s stock valued at $6,116,000 after buying an additional 17,237 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Upbound Group by 11.8% in the 1st quarter. New York State Common Retirement Fund now owns 21,074 shares of the company’s stock worth $505,000 after acquiring an additional 2,223 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Upbound Group by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company’s stock worth $577,000 after acquiring an additional 600 shares during the period. CWM LLC boosted its holdings in shares of Upbound Group by 35.5% in the first quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after acquiring an additional 493 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Upbound Group by 4.5% during the first quarter. Victory Capital Management Inc. now owns 279,737 shares of the company’s stock worth $6,702,000 after acquiring an additional 12,119 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Performance

NASDAQ UPBD opened at $17.03 on Friday. The business has a 50 day moving average price of $22.56 and a 200 day moving average price of $23.70. The company has a market capitalization of $986.14 million, a P/E ratio of 9.57 and a beta of 1.80. Upbound Group, Inc. has a 1-year low of $16.84 and a 1-year high of $36.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, October 30th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.Upbound Group’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. Sell-side analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 9.2%. The ex-dividend date was Tuesday, September 30th. Upbound Group’s dividend payout ratio (DPR) is 107.59%.

Insider Transactions at Upbound Group

In related news, EVP Ralph T. Montrone sold 6,000 shares of Upbound Group stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the transaction, the executive vice president directly owned 49,123 shares in the company, valued at $1,239,373.29. The trade was a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey J. Brown bought 1,951 shares of the stock in a transaction on Tuesday, October 21st. The shares were bought at an average price of $22.27 per share, for a total transaction of $43,448.77. Following the acquisition, the director owned 90,965 shares in the company, valued at $2,025,790.55. The trade was a 2.19% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

UPBD has been the subject of a number of recent analyst reports. Loop Capital upgraded shares of Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Monday, September 15th. Zacks Research downgraded Upbound Group from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Upbound Group in a research note on Wednesday, October 8th. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, TD Cowen reduced their target price on Upbound Group from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.