Louisiana State Employees Retirement System Has $752,000 Stock Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Louisiana State Employees Retirement System increased its position in Upbound Group, Inc. (NASDAQ:UPBD) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,500 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Upbound Group were worth $752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Upbound Group during the first quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of Upbound Group by 47.9% during the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after acquiring an additional 362 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Upbound Group in the 2nd quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC boosted its stake 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 worth $58,000 after buying an additional 1,146 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Upbound Group during the second quarter worth $89,000. 90.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown acquired 1,065 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the purchase, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the transaction, the executive vice president now owns 14,651 shares in the company, valued at $498,134. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey J. Brown bought 1,065 shares of Upbound Group stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average price of $29.25 per share, with a total value of $31,151.25. Following the purchase, the director now owns 85,234 shares in the company, valued at approximately $2,493,094.50. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.

Upbound Group Stock Performance

NASDAQ UPBD opened at $30.07 on Tuesday. The stock has a market cap of $1.64 billion, a PE ratio of 20.74 and a beta of 2.01. Upbound Group, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $38.72. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.84 and a current ratio of 3.96. The firm’s fifty day moving average price is $30.19 and its two-hundred day moving average price is $31.43.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. Upbound Group’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, equities analysts expect that Upbound Group, Inc. will post 3.67 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 4.92%. Upbound Group’s dividend payout ratio (DPR) is currently 102.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group cut their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, October 1st. Loop Capital reduced their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Upbound Group has an average rating of “Moderate Buy” and an average target price of $39.40.

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.