Cornercap Investment Counsel Inc. Has $487,000 Position in Upbound Group, Inc. (NASDAQ:UPBD)

Cornercap Investment Counsel Inc. reduced its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 51.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,210 shares of the company's stock after selling 16,072 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Upbound Group were worth $487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Upbound Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company's stock valued at $211,453,000 after buying an additional 209,422 shares during the last quarter. Ieq Capital LLC increased its stake in Upbound Group by 112.7% in the second quarter. Ieq Capital LLC now owns 4,827,021 shares of the company's stock valued at $148,190,000 after purchasing an additional 2,557,906 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Upbound Group by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 761,765 shares of the company's stock worth $23,386,000 after buying an additional 15,219 shares during the period. Huber Capital Management LLC boosted its stake in Upbound Group by 51.4% in the 2nd quarter. Huber Capital Management LLC now owns 745,299 shares of the company's stock worth $22,881,000 after buying an additional 253,104 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Upbound Group by 1,903.6% in the 2nd quarter. Marshall Wace LLP now owns 395,888 shares of the company's stock valued at $12,154,000 after buying an additional 376,129 shares during the period. Institutional investors and hedge funds own 90.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UPBD. Jefferies Financial Group cut their target price on shares of Upbound Group from $37.00 to $35.00 and set a "hold" rating on the stock in a research note on Tuesday, October 1st. Stephens assumed coverage on Upbound Group in a report on Wednesday. They set an "overweight" rating and a $38.00 target price on the stock. Finally, Loop Capital decreased their price target on Upbound Group from $36.00 to $33.00 and set a "hold" rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Upbound Group presently has a consensus rating of "Moderate Buy" and an average target price of $39.17.

Insider Activity at Upbound Group

In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey J. Brown purchased 1,065 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the acquisition, the director now directly owns 85,234 shares of the company's stock, valued at $2,493,094.50. This trade represents a 1.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company's stock.

Upbound Group Stock Performance

Shares of NASDAQ:UPBD traded down $0.66 during trading on Friday, reaching $31.78. 471,089 shares of the company's stock traded hands, compared to its average volume of 453,426. The stock has a market capitalization of $1.74 billion, a P/E ratio of 21.92 and a beta of 2.01. The company has a 50 day moving average of $30.18 and a 200-day moving average of $31.51. Upbound Group, Inc. has a 12 month low of $26.50 and a 12 month high of $38.72. The company has a debt-to-equity ratio of 2.02, a current ratio of 3.66 and a quick ratio of 0.86.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted $0.79 EPS. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts expect that Upbound Group, Inc. will post 3.79 EPS for the current year.

Upbound Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.48 annualized dividend and a yield of 4.66%. Upbound Group's payout ratio is 102.07%.

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.