Upbound Group, Inc. (NASDAQ:UPBD) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 82.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 986 shares of the company’s stock after selling 4,773 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Upbound Group were worth $30,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Upbound Group during the 1st quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in Upbound Group by 47.9% during the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock valued at $34,000 after purchasing an additional 362 shares during the period. Meeder Asset Management Inc. acquired a new position in Upbound Group during the 2nd quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC raised its stake in Upbound Group by 232.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock valued at $58,000 after acquiring an additional 1,146 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in Upbound Group by 44,716.7% during the 4th quarter. TFO Wealth Partners LLC now owns 2,689 shares of the company’s stock valued at $91,000 after acquiring an additional 2,683 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey J. Brown bought 1,031 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average cost of $29.82 per share, for a total transaction of $30,744.42. Following the acquisition, the director now directly owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Jeffrey J. Brown bought 1,031 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average cost of $29.82 per share, for a total transaction of $30,744.42. Following the acquisition, the director now directly owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now owns 14,651 shares in the company, valued at $498,134. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Upbound Group Stock Down 6.9 %

UPBD opened at $29.78 on Wednesday. Upbound Group, Inc. has a one year low of $25.00 and a one year high of $38.72. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.84 and a current ratio of 3.96. The stock’s fifty day moving average is $32.43 and its 200-day moving average is $32.20. The company has a market capitalization of $1.63 billion, a PE ratio of -64.74 and a beta of 2.00.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $1.11 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Upbound Group, Inc. will post 3.81 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Tuesday, October 1st. Upbound Group’s payout ratio is -321.74%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group cut their target price on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday. BTIG Research assumed coverage on Upbound Group in a research note on Friday, June 7th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Loop Capital reaffirmed a “hold” rating and set a $36.00 target price on shares of Upbound Group in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.00.

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.