Upbound Group, Inc. (NASDAQ:UPBD) Holdings Decreased by Interval Partners LP

Interval Partners LP lowered its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 32.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,301 shares of the company’s stock after selling 30,830 shares during the quarter. Interval Partners LP owned about 0.12% of Upbound Group worth $2,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Upbound Group in the 4th quarter worth approximately $12,170,000. Trexquant Investment LP boosted its stake in Upbound Group by 108.6% during the 4th quarter. Trexquant Investment LP now owns 27,407 shares of the company’s stock valued at $931,000 after purchasing an additional 14,270 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Upbound Group by 108.6% in the 4th quarter. Allianz Asset Management GmbH now owns 61,573 shares of the company’s stock worth $2,092,000 after buying an additional 32,055 shares in the last quarter. TFO Wealth Partners LLC raised its stake in shares of Upbound Group by 44,716.7% in the 4th quarter. TFO Wealth Partners LLC now owns 2,689 shares of the company’s stock worth $91,000 after buying an additional 2,683 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of Upbound Group in the fourth quarter valued at $470,000. Institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Performance

Shares of UPBD stock opened at $30.39 on Tuesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -66.07 and a beta of 2.00. Upbound Group, Inc. has a 1-year low of $25.00 and a 1-year high of $38.72. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The stock’s fifty day simple moving average is $32.59 and its 200-day simple moving average is $32.26.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. On average, sell-side analysts predict that Upbound Group, Inc. will post 3.81 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be given a $0.37 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 4.87%. Upbound Group’s payout ratio is -321.74%.

Analyst Upgrades and Downgrades

UPBD has been the topic of several research reports. Loop Capital reiterated a “hold” rating and issued a $36.00 price target on shares of Upbound Group in a research report on Friday, September 13th. BTIG Research started coverage on shares of Upbound Group in a report on Friday, June 7th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group reduced their target price on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.40.

Insider Buying and Selling at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,031 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was acquired at an average cost of $29.82 per share, for a total transaction of $30,744.42. Following the completion of the acquisition, the director now owns 84,169 shares in the company, valued at $2,509,919.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the transaction, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey J. Brown bought 1,031 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was acquired at an average cost of $29.82 per share, with a total value of $30,744.42. Following the completion of the transaction, the director now directly owns 84,169 shares of the company’s stock, valued at $2,509,919.58. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.

Upbound Group 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.