7,922 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,922 shares of the company’s stock, valued at approximately $257,000.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Upbound Group in the 1st quarter worth about $29,000. Blue Trust Inc. grew its position in Upbound Group by 47.9% in the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after purchasing an additional 362 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Upbound Group in the 2nd quarter worth about $42,000. Allspring Global Investments Holdings LLC grew its position in shares of Upbound Group by 232.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock valued at $58,000 after acquiring an additional 1,146 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Upbound Group during the 2nd quarter valued at approximately $89,000. 90.30% of the stock is owned by institutional investors.

Upbound Group Stock Performance

Shares of UPBD stock opened at $29.89 on Friday. The stock has a market capitalization of $1.63 billion, a P/E ratio of -64.98 and a beta of 2.00. 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 firm’s 50 day moving average is $31.01 and its 200 day moving average is $31.75. Upbound Group, Inc. has a 12 month low of $25.00 and a 12 month high of $38.72.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 1.31% and a return on equity of 32.94%. Upbound Group’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. On average, sell-side analysts anticipate that Upbound Group, Inc. will post 3.67 earnings per share for the current year.

Upbound Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Tuesday, October 1st. Upbound Group’s dividend payout ratio is presently -321.74%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the completion of the transaction, the executive vice president now directly owns 40,074 shares of the company’s stock, valued at $1,301,603.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares of the company’s stock, valued at $498,134. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ralph T. Montrone sold 15,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.48, for a total transaction of $487,200.00. Following the completion of the transaction, the executive vice president now directly owns 40,074 shares of the company’s stock, valued at approximately $1,301,603.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UPBD shares. Loop Capital reissued a “hold” rating and set a $36.00 target price on shares of Upbound Group in a research report on Friday, September 13th. Jefferies Financial Group reduced their target price on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.00.

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.