Upbound Group (NASDAQ:UPBD) CEO Fahmi Karam Buys 12,165 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam purchased 12,165 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $24.66 per share, for a total transaction of $299,988.90. Following the purchase, the chief executive officer owned 271,077 shares of the company’s stock, valued at $6,684,758.82. This represents a 4.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fahmi Karam also recently made the following trade(s):

• On Tuesday, November 3rd, Fahmi Karam acquired 4,407 shares of Upbound Group stock. The shares were acquired at an average price of $22.71 per share, with a total value of $100,082.97.

Upbound Group Stock Performance

Shares of NASDAQ:UPBD opened at $24.68 on Tuesday. The firm has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $19.01. Upbound Group, Inc. has a 52 week low of $14.98 and a 52 week high of $25.29. The company has a quick ratio of 0.97, a current ratio of 3.17 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.44 billion, a P/E ratio of 5.79 and a beta of 1.80.

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

Upbound Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 6.3%. Upbound Group’s dividend payout ratio is 82.11%.

Institutional Trading of Upbound Group

Several institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of 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 buying an additional 910 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Upbound Group in the second quarter worth approximately $46,000. Allworth Financial LP bought a new stake in shares of Upbound Group during the 2nd quarter worth approximately $50,000. Signaturefd LLC lifted its stake in shares of Upbound Group by 74.5% during the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after acquiring an additional 1,302 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Upbound Group by 18.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock valued at $71,000 after acquiring an additional 518 shares during the period. Institutional investors own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Upbound Group Company Profile

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.