12,467 Shares in PROG Holdings, Inc. (NYSE:PRG) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,467 shares of the company's stock, valued at approximately $527,000.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in PROG by 141.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,208 shares of the company's stock valued at $51,000 after buying an additional 707 shares during the period. Quarry LP raised its position in shares of PROG by 162.9% in the 3rd quarter. Quarry LP now owns 1,517 shares of the company's stock valued at $74,000 after purchasing an additional 940 shares in the last quarter. KBC Group NV grew its holdings in PROG by 53.9% during the 4th quarter. KBC Group NV now owns 2,015 shares of the company's stock worth $85,000 after acquiring an additional 706 shares in the last quarter. Blue Trust Inc. grew its position in shares of PROG by 38.6% in the 4th quarter. Blue Trust Inc. now owns 3,691 shares of the company's stock worth $156,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in shares of PROG by 2,762.2% during the third quarter. Point72 Hong Kong Ltd now owns 3,635 shares of the company's stock worth $176,000 after purchasing an additional 3,508 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.

PROG Stock Down 0.3 %

PRG traded down $0.08 during trading on Thursday, hitting $27.40. The company had a trading volume of 462,328 shares, compared to its average volume of 563,669. The company has a market capitalization of $1.12 billion, a PE ratio of 6.04 and a beta of 2.14. PROG Holdings, Inc. has a one year low of $25.93 and a one year high of $50.28. The firm's 50-day moving average price is $34.99 and its 200 day moving average price is $42.06. The company has a quick ratio of 2.34, a current ratio of 5.24 and a debt-to-equity ratio of 0.99.

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PROG (NYSE:PRG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. PROG had a return on equity of 24.25% and a net margin of 8.01%. The company had revenue of $623.30 million during the quarter, compared to analysts' expectations of $612.67 million. During the same quarter last year, the company earned $0.72 EPS. PROG's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that PROG Holdings, Inc. will post 3.45 earnings per share for the current year.

PROG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 13th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from PROG's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, March 13th. PROG's dividend payout ratio is presently 10.57%.

Insider Activity at PROG

In related news, Director Douglas C. Curling acquired 10,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the acquisition, the director now directly owns 45,913 shares in the company, valued at approximately $1,371,880.44. This trade represents a 27.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Caroline Sio-Chin Sheu acquired 1,650 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $28.01 per share, for a total transaction of $46,216.50. Following the completion of the transaction, the director now directly owns 18,291 shares of the company's stock, valued at approximately $512,330.91. This trade represents a 9.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.74% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group lowered PROG from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $58.00 to $29.00 in a report on Wednesday, February 26th. TD Cowen upgraded shares of PROG to a "strong-buy" rating in a report on Friday, November 29th. Finally, Stephens reiterated an "overweight" rating and set a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PROG has an average rating of "Moderate Buy" and a consensus price target of $49.00.

PROG Profile

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.