Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Jeffrey J. Brown purchased 1,694 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of $19.89 per share, for a total transaction of $33,693.66. Following the completion of the transaction, the director now owns 88,074 shares of the company's stock, valued at approximately $1,751,791.86. This trade represents a 1.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Upbound Group Stock Down 0.7 %
Shares of NASDAQ UPBD opened at $20.39 on Thursday. Upbound Group, Inc. has a one year low of $19.69 and a one year high of $38.72. The stock has a market capitalization of $1.17 billion, a P/E ratio of 9.23 and a beta of 1.90. The firm's 50 day simple moving average is $24.01 and its two-hundred day simple moving average is $28.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86.
Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. As a group, analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.
Upbound Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.65%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's dividend payout ratio is 70.59%.
Institutional Investors Weigh In On Upbound Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPBD. R Squared Ltd bought a new position in shares of Upbound Group during the fourth quarter valued at about $25,000. Blue Trust Inc. lifted its stake in Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after acquiring an additional 705 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares in the last quarter. Palouse Capital Management Inc. increased its position in Upbound Group by 64.3% during the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock valued at $159,000 after purchasing an additional 2,592 shares during the period. Finally, Vestcor Inc bought a new position in Upbound Group in the 4th quarter worth $174,000. 90.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Loop Capital decreased their target price on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.00.
Get Our Latest Report on Upbound Group
About Upbound Group
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
