Dynamic Technology Lab Private Ltd Increases Stake in Upbound Group, Inc. (NASDAQ:UPBD)

Dynamic Technology Lab Private Ltd boosted its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,970 shares of the company's stock after buying an additional 11,837 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Upbound Group worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its holdings in shares of Upbound Group by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 80,938 shares of the company's stock valued at $2,361,000 after acquiring an additional 360 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Upbound Group by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock worth $110,000 after purchasing an additional 429 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Upbound Group by 2.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 26,498 shares of the company's stock worth $773,000 after buying an additional 616 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Upbound Group by 45.0% in the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after buying an additional 705 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Upbound Group by 6.3% in the fourth quarter. Inspire Investing LLC now owns 13,798 shares of the company's stock valued at $402,000 after buying an additional 818 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Upbound Group

In other news, CFO Fahmi Karam acquired 11,500 shares of the business's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $25.82 per share, with a total value of $296,930.00. Following the completion of the transaction, the chief financial officer now directly owns 164,672 shares in the company, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

Upbound Group Price Performance

Shares of NASDAQ:UPBD traded down $0.64 during trading on Friday, hitting $20.87. 116,347 shares of the stock were exchanged, compared to its average volume of 492,050. Upbound Group, Inc. has a 12-month low of $20.08 and a 12-month high of $38.72. The company has a market cap of $1.20 billion, a PE ratio of 9.43 and a beta of 1.90. The company has a fifty day moving average price of $25.64 and a two-hundred day moving average price of $28.93. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. On average, analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.48%. The ex-dividend date is Wednesday, April 2nd. Upbound Group's payout ratio is 70.59%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital reduced their target price on Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Upbound Group presently has an average rating of "Moderate Buy" and an average price target of $37.00.

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.