Miller Value Partners LLC boosted its stake in Upbound Group, Inc. (NASDAQ:UPBD – Free Report) by 250.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Miller Value Partners LLC owned 0.12% of Upbound Group worth $1,229,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in Upbound Group in the third quarter worth $32,000. Quarry LP boosted its stake in Upbound Group by 913.1% during the third quarter. Quarry LP now owns 1,388 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Upbound Group by 238.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock valued at $25,000 after buying an additional 1,020 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Upbound Group by 18.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock valued at $60,000 after buying an additional 535 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Upbound Group in the 2nd quarter valued at $95,000. 90.30% of the stock is owned by institutional investors and hedge funds.
Upbound Group Stock Performance
Shares of NASDAQ UPBD opened at $17.46 on Thursday. The company has a quick ratio of 0.88, a current ratio of 3.06 and a debt-to-equity ratio of 2.01. The business’s 50 day moving average is $18.56 and its two-hundred day moving average is $18.86. The company has a market cap of $1.02 billion, a P/E ratio of 12.21 and a beta of 1.80. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $28.02.
Upbound Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Upbound Group’s dividend payout ratio (DPR) is presently 109.09%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on UPBD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Upbound Group in a research report on Friday, March 27th. Zacks Research raised Upbound Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised Upbound Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $31.33.
Get Our Latest Stock Report on Upbound Group
Insider Buying and Selling at Upbound Group
In other news, Director Jeffrey J. Brown acquired 2,329 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $19.41 per share, with a total value of $45,205.89. Following the acquisition, the director owned 94,840 shares of the company’s stock, valued at $1,840,844.40. This trade represents a 2.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
About Upbound Group
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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.
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