KLP Kapitalforvaltning AS Purchases 2,100 Shares of Upbound Group, Inc. $UPBD

KLP Kapitalforvaltning AS increased its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 24.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,700 shares of the company’s stock after acquiring an additional 2,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Upbound Group were worth $272,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its position in shares of Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after buying an additional 491 shares during the last quarter. CWM LLC grew its position in shares of Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after buying an additional 493 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Upbound Group by 414.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock valued at $66,000 after buying an additional 2,108 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Upbound Group by 179.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock valued at $94,000 after buying an additional 2,512 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Upbound Group in the 1st quarter valued at about $202,000. Institutional investors own 90.30% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ralph T. Montrone sold 6,000 shares of the company’s 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 transaction, the executive vice president directly owned 49,123 shares of the company’s stock, valued at approximately $1,239,373.29. This represents a 10.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

Upbound Group Stock Up 0.5%

Shares of Upbound Group stock opened at $21.76 on Monday. Upbound Group, Inc. has a one year low of $19.65 and a one 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. The stock’s 50-day moving average is $24.09 and its 200 day moving average is $23.80. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 12.22 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Equities research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Upbound Group’s dividend payout ratio is 87.64%.

Wall Street Analyst Weigh In

UPBD has been the topic of a number of analyst reports. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Upbound Group in a research report on Wednesday, October 8th. BTIG Research reiterated a “buy” rating and issued a $40.00 price target on shares of Upbound Group in a research report on Tuesday, September 16th. Finally, Loop Capital upgraded Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.25.

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.