Insider Buying: Upbound Group (NASDAQ:UPBD) CEO Buys $299,988.90 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam purchased 12,165 shares of the stock in a transaction on Thursday, November 5th. The stock was bought at an average cost of $24.66 per share, for a total transaction of $299,988.90. Following the completion of the acquisition, the chief executive officer owned 271,077 shares in the company, valued at approximately $6,684,758.82. This trade represents a 4.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 purchased at an average price of $22.71 per share, with a total value of $100,082.97.

Upbound Group Price Performance

Upbound Group stock opened at $25.27 on Thursday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 5.91 and a beta of 1.80. The company has a current ratio of 3.17, a quick ratio of 0.95 and a debt-to-equity ratio of 1.80. Upbound Group, Inc. has a 12 month low of $14.98 and a 12 month high of $25.36. The stock’s 50 day moving average is $18.06 and its 200-day moving average is $19.06.

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

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group’s dividend payout ratio (DPR) is currently 82.11%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Upbound Group by 18.2% in the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock worth $71,000 after acquiring an additional 518 shares during the last quarter. IFP Advisors Inc lifted its stake in Upbound Group by 299.3% in the 2nd 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. PNC Financial Services Group Inc. grew its stake in shares of Upbound Group by 49.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock worth $67,000 after buying an additional 1,226 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Upbound Group by 74.5% in the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after acquiring an additional 1,302 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Upbound Group by 223.5% during the 2nd quarter. Allworth Financial LP now owns 2,352 shares of the company’s stock valued at $50,000 after acquiring an additional 1,625 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

About Upbound Group

Upbound Group, Inc. provides lease-to-own and retail services through brands including Rent-A-Center and Acima. Its offerings let customers obtain merchandise through flexible payment arrangements, with the option to own items after completing the required payments. The company’s products include furniture, appliances, electronics, computers and smartphones. Rent-A-Center serves customers through company-operated stores and franchise locations, while Acima provides lease-to-own options through participating retail partners and online channels.