350,162 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC acquired a new stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 350,162 shares of the company's stock, valued at approximately $10,214,000. Kennedy Capital Management LLC owned approximately 0.64% of Upbound Group as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPBD. R Squared Ltd bought a new position in Upbound Group during the fourth quarter worth about $25,000. Blue Trust Inc. raised 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 worth $73,000 after buying an additional 705 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 buying an additional 429 shares during the period. Vestcor Inc acquired a new stake in Upbound Group in the 4th quarter valued at $174,000. Finally, Virtu Financial LLC bought a new stake in Upbound Group in the third quarter valued at $229,000. 90.30% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $25.82 per share, with a total value of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares of the company's stock, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

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Upbound Group Price Performance

NASDAQ UPBD traded down $0.64 during trading hours on Tuesday, reaching $20.48. 532,085 shares of the company's stock were exchanged, compared to its average volume of 494,170. The firm has a fifty day moving average of $25.31 and a 200-day moving average of $28.76. 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, Inc. has a one year low of $20.08 and a one year high of $38.72. The stock has a market cap of $1.18 billion, a PE ratio of 9.27 and a beta of 1.90.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its 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. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, equities research analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.62%. Upbound Group's dividend payout ratio (DPR) is currently 70.59%.

Analyst Upgrades and Downgrades

Separately, Loop Capital cut their price objective 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 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

About Upbound Group

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.