Huber Capital Management LLC Has $24.97 Million Stake in Upbound Group, Inc. (NASDAQ:UPBD)

Huber Capital Management LLC lifted its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 856,147 shares of the company's stock after purchasing an additional 18,343 shares during the quarter. Upbound Group accounts for about 5.0% of Huber Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding. Huber Capital Management LLC owned 1.57% of Upbound Group worth $24,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPBD. R Squared Ltd purchased a new position in shares of Upbound Group during the 4th quarter worth $25,000. Blue Trust Inc. raised its stake in shares of Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after buying an additional 705 shares during the period. Quarry LP grew its stake in shares of Upbound Group by 374.3% during the 3rd quarter. Quarry LP now owns 3,282 shares of the company's stock valued at $105,000 after acquiring an additional 2,590 shares during the period. PNC Financial Services Group Inc. increased its holdings in Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock worth $110,000 after acquiring an additional 429 shares in the last quarter. Finally, Vestcor Inc purchased a new position in shares of Upbound Group during the 4th quarter valued at $174,000. 90.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Loop Capital decreased their price target on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Upbound Group currently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Insider Activity at Upbound Group

In related news, CFO Fahmi Karam acquired 11,500 shares of Upbound Group stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the purchase, the chief financial officer now directly owns 164,672 shares of the company's stock, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by insiders.

Upbound Group Price Performance

Shares of UPBD traded down $0.73 during mid-day trading on Tuesday, hitting $21.23. 199,830 shares of the company were exchanged, compared to its average volume of 525,334. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 9.61 and a beta of 1.90. The company has a 50 day moving average of $26.44 and a 200-day moving average of $29.23. Upbound Group, Inc. has a 1-year low of $20.41 and a 1-year high of $38.72. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, beating 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 business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. Analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.35%. Upbound Group's payout ratio is 70.59%.

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.