Insider Buying: Upbound Group (NASDAQ:UPBD) EVP Purchases 2,200 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Balaji Kumar purchased 2,200 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $22.77 per share, with a total value of $50,094.00. Following the completion of the acquisition, the executive vice president directly owned 16,949 shares of the company’s stock, valued at approximately $385,928.73. This trade represents a 14.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Upbound Group Stock Performance

Shares of NASDAQ UPBD traded up $1.68 during mid-day trading on Wednesday, hitting $24.14. The company had a trading volume of 1,834,246 shares, compared to its average volume of 944,464. The stock’s 50-day moving average price is $17.38 and its 200-day moving average price is $18.91. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 12.71 and a beta of 1.80. The company has a current ratio of 3.17, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80. Upbound Group, Inc. has a 1 year low of $14.98 and a 1 year high of $24.30.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. On average, sell-side analysts forecast that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Tuesday, October 6th. Upbound Group’s dividend payout ratio (DPR) is 82.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UPBD. IFP Advisors Inc lifted its position in Upbound Group by 299.3% during the second quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock valued at $26,000 after purchasing an additional 910 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Upbound Group during the 2nd quarter valued at $46,000. Signaturefd LLC raised its position in shares of Upbound Group by 74.5% during the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after buying an additional 1,302 shares in the last quarter. Allworth Financial LP purchased a new position in Upbound Group in the second quarter worth $50,000. Finally, PNC Financial Services Group Inc. increased its stake in Upbound Group by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after acquiring an additional 1,226 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Key Upbound Group News

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Six insiders bought shares on November 2–3: directors Molly Langenstein, Jeffrey Brown and Glenn P. Marino, and EVPs Balaji Kumar, Rebecca Wooters and Halim Khouri. Their purchases totaled about $1.24 million; several increased their individual holdings by double-digit percentages. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Zacks described UPBD as a potential long-term growth stock based on its Style Scores, offering a favorable characterization, though the article entry provides no specific forecasts or new company results. Zacks article
• Negative Sentiment: A recent report said Upbound’s consensus price target fell 22.36% to MX$410.79, signaling weaker analyst expectations; the cited figure is in Mexican pesos. Price target report

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UPBD shares. BTIG Research lowered shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Friday, July 31st. Weiss Ratings downgraded shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. TD Cowen reduced their price target on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Wall Street Zen cut shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.00.

About Upbound Group

Upbound Group, Inc is a provider of consumer leasing and retail solutions, operating primarily through its Rent-A-Center and Acima brands. The company enables customers to obtain merchandise through flexible lease-to-own agreements and related payment options, serving consumers who may prefer alternatives to traditional retail financing.

Its Rent-A-Center business operates company-owned and franchised locations, as well as digital channels, offering furniture, appliances, electronics, computers, smartphones and other household goods.