Upbound Group, Inc. $UPBD Shares Newly Acquired by One Way Holdings LLC

One Way Holdings LLC acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 357,316 shares of the company’s stock, valued at approximately $5,610,000. One Way Holdings LLC owned 0.61% of Upbound Group at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in shares of Upbound Group during the 3rd quarter worth about $172,000. Summit Global Investments grew its holdings in Upbound Group by 5.3% during the third quarter. Summit Global Investments now owns 38,648 shares of the company’s stock worth $607,000 after buying an additional 1,948 shares in the last quarter. State of Wyoming purchased a new stake in Upbound Group in the 3rd quarter valued at $231,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Upbound Group by 11.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,000 shares of the company’s stock worth $314,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Upbound Group by 74.5% in the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after acquiring an additional 1,302 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Upbound Group Price Performance

UPBD stock opened at $20.70 on Monday. The firm has a 50 day moving average price of $17.23 and a 200-day moving average price of $18.88. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.89 and a beta of 1.79. Upbound Group, Inc. has a 52-week low of $14.98 and a 52-week high of $23.98. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 3.22.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.91 by $0.10. The company had revenue of $1.15 billion for 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%. Upbound Group’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. Equities research analysts forecast that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Tuesday, October 6th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 7.5%. Upbound Group’s payout ratio is currently 82.11%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Jeffrey J. Brown bought 2,764 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was bought at an average cost of $17.01 per share, with a total value of $47,015.64. Following the completion of the purchase, the director owned 98,898 shares of the company’s stock, valued at approximately $1,682,254.98. The trade was a 2.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anthony J. Blasquez sold 10,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the sale, the executive vice president directly owned 43,717 shares in the company, valued at approximately $824,065.45. The trade was a 18.62% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

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.