Connor Clark & Lunn Investment Management Ltd. Takes $3.87 Million Position in Upbound Group, Inc. $UPBD

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 182,289 shares of the company’s stock, valued at approximately $3,868,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kendall Capital Management acquired a new stake in Upbound Group in the second quarter valued at approximately $1,234,000. Quantbot Technologies LP purchased a new position in shares of Upbound Group in the second quarter valued at $46,000. Landscape Capital Management L.L.C. purchased a new position in shares of Upbound Group in the second quarter valued at $3,047,000. Ieq Capital LLC acquired a new stake in Upbound Group during the 2nd quarter valued at $37,565,000. Finally, Allworth Financial LP purchased a new stake in Upbound Group during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on UPBD shares. 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. Weiss Ratings upgraded Upbound Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. TD Cowen dropped their target price on Upbound Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research downgraded Upbound Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.67.

Upbound Group Trading Down 0.4%

NASDAQ UPBD opened at $19.22 on Friday. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $28.02. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.22 and a quick ratio of 0.97. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.48 and a beta of 1.79. The company’s fifty day moving average price is $20.18 and its two-hundred day moving average price is $19.38.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. As a group, research analysts predict that Upbound Group, Inc. will post 4.15 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Tuesday, June 16th. Upbound Group’s dividend payout ratio (DPR) is 101.30%.

Insider Activity

In other news, Director Jeffrey J. Brown acquired 2,295 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $20.09 per share, with a total value of $46,106.55. Following the completion of the acquisition, the director directly owned 96,681 shares in the company, valued at $1,942,321.29. This represents a 2.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Anthony J. Blasquez sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $18.85, for a total value of $188,500.00. Following the sale, the executive vice president owned 43,717 shares in the company, valued at $824,065.45. The trade was a 18.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by insiders.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.