Huber Capital Management LLC Purchases 18,343 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Huber Capital Management LLC raised its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 856,147 shares of the company's stock after purchasing an additional 18,343 shares during the period. Upbound Group comprises approximately 5.0% of Huber Capital Management LLC's holdings, making the stock its 2nd largest holding. Huber Capital Management LLC owned about 1.57% of Upbound Group worth $24,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPBD. R Squared Ltd acquired a new stake in shares of Upbound Group during the fourth quarter worth $25,000. Blue Trust Inc. boosted its stake in Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after acquiring an additional 705 shares during the period. Quarry LP grew its holdings in shares of Upbound Group by 374.3% during the third quarter. Quarry LP now owns 3,282 shares of the company's stock valued at $105,000 after purchasing an additional 2,590 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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. Finally, Vestcor Inc acquired a new stake in shares of Upbound Group during the 4th quarter worth approximately $174,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

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Upbound Group Price Performance

Shares of NASDAQ UPBD traded up $0.07 during mid-day trading on Friday, reaching $21.98. 695,743 shares of the company traded hands, compared to its average volume of 487,018. The firm has a market cap of $1.26 billion, a PE ratio of 9.95 and a beta of 1.90. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $38.72. The stock has a fifty day simple moving average of $26.60 and a 200-day simple moving average of $29.30.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Equities research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a yield of 7.10%. Upbound Group's payout ratio is presently 70.59%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Upbound Group

In other Upbound Group news, CFO Fahmi Karam acquired 11,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. The trade was a 7.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey J. Brown bought 1,146 shares of the company's stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the acquisition, the director now directly owns 86,380 shares in the company, valued at $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.70% of the company's stock.

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.