PROG Holdings, Inc. (NYSE:PRG) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC increased its holdings in PROG Holdings, Inc. (NYSE:PRG - Free Report) by 476.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,495 shares of the company's stock after purchasing an additional 124,397 shares during the quarter. Walleye Capital LLC owned 0.36% of PROG worth $7,298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new position in PROG during the first quarter valued at $59,000. SG Americas Securities LLC boosted its holdings in PROG by 954.5% in the 2nd quarter. SG Americas Securities LLC now owns 50,574 shares of the company's stock worth $1,754,000 after buying an additional 45,778 shares during the last quarter. Diversified Trust Co increased its stake in PROG by 8.4% during the 2nd quarter. Diversified Trust Co now owns 7,329 shares of the company's stock worth $254,000 after buying an additional 569 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of PROG by 2,015.1% during the second quarter. Blue Trust Inc. now owns 1,967 shares of the company's stock valued at $68,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in shares of PROG by 1.3% in the second quarter. Ceredex Value Advisors LLC now owns 291,550 shares of the company's stock valued at $10,111,000 after acquiring an additional 3,750 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company's stock.

PROG Trading Up 0.9 %

Shares of PRG stock traded up $0.45 on Friday, hitting $48.66. 184,465 shares of the stock traded hands, compared to its average volume of 387,509. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97. PROG Holdings, Inc. has a twelve month low of $26.62 and a twelve month high of $50.28. The firm's 50-day moving average price is $47.15 and its two-hundred day moving average price is $42.24. The stock has a market capitalization of $2.02 billion, a PE ratio of 13.48 and a beta of 2.11.

PROG (NYSE:PRG - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. The company had revenue of $606.10 million for the quarter, compared to analyst estimates of $601.86 million. PROG had a net margin of 6.55% and a return on equity of 24.56%. PROG's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. As a group, analysts anticipate that PROG Holdings, Inc. will post 3.35 EPS for the current year.

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th will be given a $0.12 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. PROG's dividend payout ratio is currently 13.30%.

Analyst Upgrades and Downgrades

PRG has been the subject of several research reports. TD Cowen upgraded PROG to a "strong-buy" rating in a research report on Friday. Raymond James raised shares of PROG from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of PROG from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Loop Capital upgraded shares of PROG from a "hold" rating to a "buy" rating and boosted their price target for the stock from $41.00 to $55.00 in a research report on Monday, August 19th. Finally, Stephens initiated coverage on shares of PROG in a report on Wednesday, November 13th. They issued an "overweight" rating and a $60.00 price objective for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $53.83.

Insider Activity

In other news, CFO Brian Garner sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $49.29, for a total value of $246,450.00. Following the transaction, the chief financial officer now directly owns 107,720 shares in the company, valued at approximately $5,309,518.80. This represents a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd King sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $46.97, for a total transaction of $70,455.00. Following the transaction, the insider now directly owns 37,017 shares of the company's stock, valued at $1,738,688.49. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,207 shares of company stock valued at $5,759,152 in the last quarter. Insiders own 2.74% of the company's stock.

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.