16,600 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,600 shares of the company's stock, valued at approximately $490,000.

Several other large investors have also recently bought and sold shares of UPBD. R Squared Ltd acquired a new stake in Upbound Group during the fourth quarter worth approximately $25,000. Blue Trust Inc. raised its position in Upbound Group by 45.0% during 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 during the last quarter. Quarry LP raised its position in Upbound Group by 374.3% during the 3rd quarter. Quarry LP now owns 3,282 shares of the company's stock worth $105,000 after buying an additional 2,590 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of 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 during the period. Finally, Vestcor Inc purchased a new stake in shares of Upbound Group in the fourth quarter valued at about $174,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Upbound Group Price Performance

Shares of NASDAQ:UPBD traded up $0.07 during trading on Friday, hitting $21.98. 695,743 shares of the stock were exchanged, compared to its average volume of 487,018. The company has a market cap of $1.26 billion, a PE ratio of 9.95 and a beta of 1.90. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The company has a fifty day moving average price of $26.60 and a two-hundred day moving average price of $29.30. Upbound Group, Inc. has a 12-month low of $20.45 and a 12-month high of $38.72.

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Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its earnings results 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. 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 announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Wednesday, April 2nd. Upbound Group's payout ratio is currently 70.59%.

Analyst Ratings Changes

Separately, Loop Capital dropped their price objective on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two 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 MarketBeat.com, Upbound Group has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Insider Buying and Selling

In related news, CFO Fahmi Karam acquired 11,500 shares of Upbound Group stock in a transaction on Monday, March 10th. The shares were bought 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 in the company, valued at $4,251,831.04. This trade represents a 7.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey J. Brown bought 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the purchase, the director now directly owns 86,380 shares of the company's stock, valued at approximately $2,505,883.80. This represents a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

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.