Upbound Group (NASDAQ:UPBD) CEO Fahmi Karam Acquires 12,165 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam acquired 12,165 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average price of $24.66 per share, with a total value of $299,988.90. Following the completion of the transaction, the chief executive officer directly owned 271,077 shares of the company’s stock, valued at $6,684,758.82. This trade represents a 4.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Fahmi Karam also recently made the following trade(s):

• On Tuesday, November 3rd, Fahmi Karam bought 4,407 shares of Upbound Group stock. The stock was acquired at an average price of $22.71 per share, for a total transaction of $100,082.97.

Upbound Group Trading Up 1.8%

NASDAQ:UPBD traded up $0.44 on Monday, reaching $24.68. The company’s stock had a trading volume of 1,450,925 shares, compared to its average volume of 952,273. Upbound Group, Inc. has a 12-month low of $14.98 and a 12-month high of $25.29. The stock has a 50 day moving average price of $17.68 and a 200 day moving average price of $18.98. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 12.99 and a beta of 1.80. The company has a quick ratio of 0.95, a current ratio of 3.17 and a debt-to-equity ratio of 1.80.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. On average, equities analysts anticipate that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.3%. Upbound Group’s dividend payout ratio (DPR) is currently 82.11%.

Analyst Ratings Changes

Several brokerages have recently commented on UPBD. BTIG Research lowered shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Friday, July 31st. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Zacks Research raised Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Weiss Ratings cut Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Finally, TD Cowen lowered their target price on Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.00.

Institutional Investors Weigh In On Upbound Group

Several large investors have recently added to or reduced their stakes in UPBD. BlackRock Inc. acquired a new position in shares of Upbound Group in the second quarter worth $194,216,000. Dimensional Fund Advisors LP raised its stake in shares of Upbound Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock valued at $43,227,000 after acquiring an additional 327,203 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Upbound Group in the second quarter valued at $37,565,000. Bank of New York Mellon Corp purchased a new position in Upbound Group in the second quarter valued at $18,862,000. Finally, Pacer Advisors Inc. purchased a new position in Upbound Group in the first quarter valued at $7,455,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

About Upbound Group

Upbound Group, Inc is a provider of consumer leasing and retail solutions, operating primarily through its Rent-A-Center and Acima brands. The company enables customers to obtain merchandise through flexible lease-to-own agreements and related payment options, serving consumers who may prefer alternatives to traditional retail financing.

Its Rent-A-Center business operates company-owned and franchised locations, as well as digital channels, offering furniture, appliances, electronics, computers, smartphones and other household goods.