Intech Investment Management LLC lessened its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD – Free Report) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 169,921 shares of the company’s stock after selling 76,639 shares during the quarter. Intech Investment Management LLC owned approximately 0.29% of Upbound Group worth $2,984,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in shares of Upbound Group during the 3rd quarter worth $32,000. Quarry LP lifted its stake in shares of Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock worth $33,000 after purchasing an additional 1,251 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Upbound Group by 238.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock worth $25,000 after purchasing an additional 1,020 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Upbound Group during the 2nd quarter worth $95,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Upbound Group by 47.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,891 shares of the company’s stock worth $123,000 after purchasing an additional 1,574 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.
Upbound Group Trading Down 2.4%
Shares of UPBD opened at $18.61 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 0.88 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $1.08 billion, a P/E ratio of 13.01 and a beta of 1.80. The stock’s fifty day simple moving average is $18.46 and its 200 day simple moving average is $18.76. Upbound Group, Inc. has a twelve month low of $15.82 and a twelve month high of $28.02.
Upbound Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 7th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Tuesday, April 7th. Upbound Group’s dividend payout ratio (DPR) is 109.09%.
Analyst Ratings Changes
A number of research analysts have weighed in on UPBD shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a research note on Friday, March 27th. Wall Street Zen raised Upbound Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised Upbound Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Upbound Group currently has a consensus rating of “Buy” and an average price target of $31.33.
Get Our Latest Analysis on UPBD
Insider Buying and Selling at Upbound Group
In other news, Director Jeffrey J. Brown bought 2,329 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of $19.41 per share, with a total value of $45,205.89. Following the transaction, the director owned 94,840 shares of the company’s stock, valued at $1,840,844.40. This represents a 2.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
Upbound Group 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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.
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