KLP Kapitalforvaltning AS Has $272,000 Stock Position in Upbound Group, Inc. $UPBD

KLP Kapitalforvaltning AS increased its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 24.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,700 shares of the company’s stock after buying an additional 2,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Upbound Group were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kendall Capital Management raised its stake in shares of Upbound Group by 2.1% in the second quarter. Kendall Capital Management now owns 93,930 shares of the company’s stock worth $2,358,000 after purchasing an additional 1,935 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Upbound Group by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 30,657 shares of the company’s stock worth $769,000 after purchasing an additional 2,356 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Upbound Group by 414.1% in the second quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock worth $66,000 after purchasing an additional 2,108 shares during the last quarter. Diversified Trust Co raised its stake in shares of Upbound Group by 10.7% in the second quarter. Diversified Trust Co now owns 15,923 shares of the company’s stock worth $400,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in shares of Upbound Group in the second quarter worth approximately $313,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Upbound Group news, EVP Ralph T. Montrone sold 6,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the transaction, the executive vice president directly owned 49,123 shares of the company’s stock, valued at approximately $1,239,373.29. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on UPBD shares. Loop Capital raised Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, September 15th. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Upbound Group in a research note on Wednesday, October 8th. Finally, BTIG Research reissued a “buy” rating and issued a $40.00 price objective on shares of Upbound Group in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $37.25.

Upbound Group Stock Performance

UPBD stock opened at $21.76 on Monday. The firm has a market cap of $1.26 billion, a PE ratio of 12.22 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. The business has a 50 day moving average of $24.09 and a 200-day moving average of $23.80. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month high of $36.00.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $1.04 earnings per share. Upbound Group’s revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, sell-side analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Upbound Group’s dividend payout ratio is 87.64%.

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.