First National Advisers LLC Reduces Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

First National Advisers LLC lessened its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 87.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,395 shares of the company’s stock after selling 58,515 shares during the period. First National Advisers LLC’s holdings in Upbound Group were worth $201,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in shares of Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after buying an additional 491 shares during the last quarter. CWM LLC lifted its position in shares of Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after buying an additional 493 shares during the last quarter. Palouse Capital Management Inc. lifted its holdings in Upbound Group by 64.3% during the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company’s stock worth $159,000 after purchasing an additional 2,592 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Upbound Group during the 4th quarter worth about $221,000. Finally, Crestline Management LP purchased a new stake in Upbound Group during the 4th quarter worth about $230,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,653 shares of the stock in a transaction on Tuesday, July 8th. The shares were purchased at an average price of $25.90 per share, with a total value of $42,812.70. Following the acquisition, the director directly owned 89,400 shares in the company, valued at approximately $2,315,460. The trade was a 1.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Raymond James Financial reissued an “outperform” rating and set a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.50.

Upbound Group Stock Performance

NASDAQ UPBD opened at $25.08 on Monday. Upbound Group, Inc. has a 1 year low of $19.68 and a 1 year high of $38.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 3.12 and a quick ratio of 0.80. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.77 and a beta of 1.74. The company’s 50 day simple moving average is $24.87 and its two-hundred day simple moving average is $25.22.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. Upbound Group had a return on equity of 36.30% and a net margin of 2.74%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm posted $0.79 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.56 annualized dividend and a dividend yield of 6.22%. Upbound Group’s payout ratio is currently 73.24%.

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.