11,665 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Acquired by Quest Partners LLC

Quest Partners LLC acquired a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,665 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors also recently bought and sold shares of UPBD. Raymond James & Associates purchased a new stake in Upbound Group during the 3rd quarter worth $1,695,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upbound Group in the third quarter valued at approximately $778,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Upbound Group in the third quarter valued at approximately $129,000. Yousif Capital Management LLC acquired a new position in shares of Upbound Group during the third quarter valued at approximately $673,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Upbound Group during the third quarter valued at approximately $824,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Upbound Group Stock Up 1.9 %

UPBD traded up $0.58 during trading hours on Friday, hitting $30.93. 280,922 shares of the company’s stock were exchanged, compared to its average volume of 377,410. The company has a quick ratio of 0.72, a current ratio of 3.49 and a debt-to-equity ratio of 2.23. The stock’s 50-day moving average is $32.51 and its two-hundred day moving average is $32.41. Upbound Group, Inc. has a 1-year low of $25.00 and a 1-year high of $36.17. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -67.24, a PEG ratio of 3.97 and a beta of 1.99.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Upbound Group had a negative net margin of 0.61% and a positive return on equity of 33.40%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Upbound Group, Inc. will post 3.76 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Tuesday, April 2nd. Upbound Group’s payout ratio is -321.74%.

Insider Transactions at Upbound Group

In other news, EVP Anthony J. Blasquez sold 12,485 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the completion of the sale, the executive vice president now owns 58,967 shares in the company, valued at approximately $1,956,525.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey J. Brown purchased 991 shares of the stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of $30.68 per share, with a total value of $30,403.88. Following the transaction, the director now directly owns 83,138 shares in the company, valued at $2,550,673.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony J. Blasquez sold 12,485 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the sale, the executive vice president now owns 58,967 shares of the company’s stock, valued at $1,956,525.06. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UPBD shares. KeyCorp increased their target price on shares of Upbound Group from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. TD Cowen began coverage on shares of Upbound Group in a research note on Friday, March 8th. They issued an “outperform” rating and a $43.00 target price for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $38.17.

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.